The Long & Foster Market Minute

Focus On: Roxborough and Manaunk Housing Market March 2021

Zip Code(s): 19128 and 19127
Units Sold
77
Active Inventory
61
Median Sale Price
$350,000
Days On Market
31
Up 20%
Vs. Year Ago
Down -52%
Vs. Year Ago
Up 19%
Vs. Year Ago
Down -43%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 77 sold this month in Roxborough and Manaunk Real Estate versus 65 last month, an increase of 18%. This month's total units sold was higher than at this time last year, an increase of 20% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 65 units or 52%. The total number of active inventory this March was 61 compared to 126 in March 2020. This month's total of 61 is lower than the previous month's total supply of available inventory of 70, a decrease of 13%.

Median Sale Price
Last March, the median sale price for Roxborough and Manaunk Homes was $293,750. This March, the median sale price was $350,000, an increase of 19% or $56,250 compared to last year. The current median sold price is 9% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
115
Current Contracts
112
Sold Vs. List Price
100.1%
Months of Supply
0.8
Up 55%
Vs. Year Ago
Up 49%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -60%
Vs. Year Ago

Months of Supply
In March, there was 0.8 months of supply available in Roxborough and Manaunk, compared to 2.0 in March 2020. That is a decrease of 60% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 115 homes newly listed for sale in Roxborough and Manaunk compared to 74 in March 2020, an increase of 55%. There were 112 current contracts pending sale this March compared to 75 a year ago. The number of current contracts is 49% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Roxborough and Manaunk was 100.1% of the average list price, which is 1.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 31, lower than the average last year, which was 54, a decrease of 43%.

The Long & Foster Market Minute Roxborough and Manaunk are defined as properties listed in zip code/s 19128 and 19127.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.