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:

The real estate market is still showing a strong seller’s market in Chester County: A total of 707 homes went up for sale, which is up 34.2% from in February but 19.4% down from last year. Closed sales totaled 488, which was 37.5% higher than in February. And again, home prices went up, but not as high in the past few months: The median sold price came to $454,770, which is only 2% higher than in February and 9.6% higher than last year. Homes are also still selling fast with the average days on market coming to 21 days.

DELAWARE COUNTY MARKET UPDATE:

We are seeing those same trends in Delaware County: Inventory is up 28.4% from February but 7.4% lower than last year, totaling 751 listings. The number of homes that sold in March came to 580, which is 35.8% higher than in February and 12% higher than last year. The median sales price was $280,000- which is 7.7% higher than in February but 9.4% higher than the year before. In addition, the average days on market was 29 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/