Below is a concise summary of the local market in both Chester and Delaware County for June 2022. 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:

Stats in June for Chester County showed a slight uptick in home sales. Take a look: A total of 844 homes went up for sale, which is up 8.8% from in May but 22.5% down from last year. Closed sales totaled 735, which was 29.4% higher than in May (19.2% down from last year). Median sold home prices went up 5.2%. Coming to $489,000 this is only about 8.6% higher than this time last year. The list to sold ratio kept rising coming to 105%. The homes that were listed in June went under contract even faster than in previous months (averaging 10 days)!

DELAWARE COUNTY MARKET UPDATE:

In Delaware County, inventory rose 14% this time around, which was 9.2% lower than last year, totaling 911 listings. The number of homes that sold in June came to 736, which is up 20.1% from in May BUT 18.9% down from last year. The median sales price rose slightly: Totaling $340,000- this was just 6.3% higher than in May and 17.2% higher than the year before. These homes only last on the market 12 days on average before going under contract.

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/