Below is a concise summary of the local market in both Chester and Delaware County. Do you have a specific township or neighborhood in mind? Contact us today and ask for our Market Snapshot of your desired area!

CHESTER COUNTY MARKET UPDATE:

It’s been an interesting market this past month in Chester County: A total of 761 homes went up for sale, which is up 7.6% from in March but 23.6% down from last year. Closed sales totaled 537, which was 10% higher than in March. Median sold home prices went down very slightly, only about 1%; but, it is still higher than last year by 9.9% - coming to $450,000. Interestingly, the list to sold ratio is still at a record high, coming to 104.2%. Homes are flying off the market, coming to an average of 15 days.

DELAWARE COUNTY MARKET UPDATE:

Things were a bit different in Delaware County. Inventory is up 10.7% from March but 12.6% lower than last year, totaling 831 listings. The number of homes that sold in March came to 555, which is down all around (4.3% since March & 1.2% from last year). The median sales price is still rising, though not as quickly as in the past months: Totaling $297,000 - which is 6.1% higher than in March and 2.7% higher than the year before. The homes that are listed for sale are selling quickly, at an average of 19 days!

It’s important to team up with real estate experts no matter if you are buying or selling. Allow our team to guide you through the process and ensure no details get missed.

Cite: The above statistics all brought to you by Suburban West Realtors Association: https://tcsr.realtor/industry-info-expertise/local-market-statistics/