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:

In March, we saw an increase inventory: A total of 887 homes went up for sale, 58.3% higher than in February. Homes also sold for 12.2% higher than in February - the median sold price came to $415,000. That number is 18.6% higher than at this time last year. The number of closings totaled 556, which is 3.3% higher than last year but 41.5% higher than in February. These homes averaged 26 days on the market. Homeowners have been listening and are taking advantage of this strong seller’s market, allowing it to rise further. It’ll plateau at some point, so don’t wait!

DELAWARE COUNTY MARKET UPDATE:

In Delaware County, we see the same increase all around: 811 new listings were put up on the market, which is 52.4% higher than in February. A total of 518 homes sold (24.2% higher than in February) at a median sales price of $256,000. This is only a slight increase from February (7.8% to be exact) but, it shows that homes are still in high demand. In addition, the average days on market was 27 days, strengthening the data that proves we are still in a seller’s market even with the increase in inventory.

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