The Steve Ritter Team

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September 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:

Change is certainly in the air. A total of 771 homes went up for sale, which is 2.5% lower than last month but 11.8% lower than last year. The number of closings totaled 793, again lower since last month (18.3%) and last month (only 5.9%). Home values are still up from last year (6.4%) with the median sold price coming to $420,325. Homes are also still selling fast with the average days on market coming to 17 days.


DELAWARE COUNTY MARKET UPDATE:

In Delaware County, 816 new listings were put up on the market, which is barely up from in August (1.7%) and lower than last year (7.1%). A total of 694 homes sold (6.6% lower than in August and 1.7% lower than last year) at a median sales price of $262,825- which is 9.4% lower than in August and 0.8% higher than last year. In addition, the average days on market was 16 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/