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:

We are beginning to see a slow down in the local real estate market. A total of 833 homes went up for sale, which is 23% lower than in June. The number of closings totaled 853, which is 6.3% lower than in June but still higher than last year (by 13.4%). There are some parts of the market that are still on an upward trend: Homes are selling faster - average days on the market in July was 14. In addition, these homes sold at a median sold price came to $432,500. This is 3.9% lower than in June but 7.6% higher than last year. It’s still a seller’s market but you may be missing out on the benefits we have experienced over the last few months.

DELAWARE COUNTY MARKET UPDATE:

In Delaware County, we see a similar trend: 792 new listings were put up on the market, which is 21% lower than in June and 7.7% lower than last year. A total of 808 homes sold (11% lower than in June & 8.7% higher than last year!) at a median sales price of $295,000- which is 1.7% higher than in June and 15.7% higher than last year. In addition, the average days on market was 15 days. If you were thinking of selling, don’t wait any longer! This downward trend may continue.f

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