CENTURY21 Advantage Gold Market Report
Langhorne, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Langhorne, PA
Fri Nov 22 2024
This week the median list price for Langhorne, PA is $698,387 with the market action index hovering around 63. This is less than last month's market action index of 70. Inventory has decreased to 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $698,387 | |
| Median Price of New Listings | $383,500 | |
| Per Square Foot | $276 | |
| Average Days on Market | 54 | |
| Median Days on Market | 42 | |
| Price Decreased | 63% | |
| Price Increased | 0% | |
| Relisted | 13% | |
| Inventory | 16 | |
| Median Rent | ||
| Market Action | 63 | |
| Strong Seller's Market | ||
The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $819,450 | 2,814 | 0.25 - 0.5 acre | 4 | 3.5 | 35 | 0 | 0 | 49 |
| $699,500 | 2,788 | 0.25 - 0.5 acre | 4 | 2.5 | 50 | 0 | 1 | 35 |
| $559,999 | 1,903 | 0.25 - 0.5 acre | 4 | 2.3 | 42 | 0 | 4 | 49 |
| $393,450 | 1,350 | 4,500 - 6,500 sqft | 3 | 1.5 | 89 | 2 | 3 | 35 |