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:

January stats for Chester County is showing off the current seller’s market: A total of 414 homes went up for sale, which is 13.4% higher than in December but is significantly lower than last year (dropped 26.9%). The number of closings dropped all around, 31.9% from in December and 6.4% from last year, but this dropped can be attributed to the drop in listings overall. Home values are STILL on the rise: The median sold price came to $439,981, which is 15% higher than in 2021 and 4.5% higher than in December. Homes are also still selling fast with the average days on market coming to 22 days.

DELAWARE COUNTY MARKET UPDATE:

We see similar stats in Delaware County: Inventory is up 28.8% from December, totaling 528 listings; however, this is 1.1% lower than the year before. A total of 517 homes sold (25.5% lower than in December and 5.0% lower than in 2021) at a median sales price of $265,000- which is 1.9% lower than in December but 10.4% higher than the year before. In addition, the average days on market was 26 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/