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:

As we approach autumn, it is clear the market is changing along with the season. A total of 791 homes went up for sale, which is 5% lower than last year and 3.5% lower than in July. The number of closings totaled 905, which is slightly lower than this time last year (3%) but still up from in July. That just means we were closing out sales that probably started in July. Home values are still up from last year (7.5%) with the median sold price coming to $430,000. This is only a marginal drop from in July (0.6%). Homes are also still selling fast with the average days on market coming to 16 days. The market is shifting but there are still benefits to buying and selling during this season. Ask us what those are!

DELAWARE COUNTY MARKET UPDATE:

In Delaware County, 8002 new listings were put up on the market, which is barely up from in July (1.3%) and lower than last year (7.4%). A total of 743 homes sold (8% lower than in July and 5.2% lower than last year) at a median sales price of $290,000- which is 1.7% lower than in July and 5.5% higher than last year. In addition, the average days on market was 14 days.

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