October 2021 Local Real Estate Market Update
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:
A total of 701 homes went up for sale, which is 9.1% lower than in September. The number of closings totaled 694, again lower by 6.1%. Home values are still up up though with the median sold price coming to $425,000 (1.1% higher than September & 7.6% higher than last year). Homes are also still selling fast with the average days on market coming to 17 days.
DELAWARE COUNTY MARKET UPDATE:
In Delaware County, 786 new listings were put up on the market, which is down from September and lower than last year (8.5%). A total of 673 homes sold (3.0% lower than in September) at a median sales price of $275,000- which is 4.6% higher than in September and 12.2% higher than last year. In addition, the average days on market was 21 days. It’s still a seller’s market even with this shift in the market. Ask us how we can help you buy or sell in this market.
Cite: The above statistics all brought to you by Suburban West Realtors Association: https://tcsr.realtor/industry-info-expertise/local-market-statistics/