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:

Let’s check out February’s stats for Chester County: A total of 527 homes went up for sale, which is up 27.3% from in January and only slightly lower than last year (dropped 4.9%%). The number of closings were still down, dropping 21.3% from in January and 9.7% from last year. Regardless home values are STILL on the rise: The median sold price came to $445,682, which is 20.5% higher than in 2021 and 1.3% higher than in January. Homes are also still selling fast with the average days on market coming to 25 days.

DELAWARE COUNTY MARKET UPDATE:

Things weren’t very different in Delaware County: Inventory is up 10.8% from January (which was 10% higher than last year), totaling 585 listings. A total of 427 homes sold (17.4% lower than in January but 2.4% lower than in 2021) at a median sales price of $260,000- which is actually down 1.9% lower from in January but 9.5% higher than the year before. In addition, the average days on market was 27 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/