Is Chadds Ford Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chadds Ford Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Chadds Ford Township has remained a Seller's Market.

Key Takeaway

Chadds Ford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chadds Ford Township, PA

How much do homes in Chadds Ford Township, PA cost?

Median Sold Price

$640,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+6.7%)

Key Takeaway

Homes in Chadds Ford Township have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Chadds Ford Township was $640,000 in October 2024, up 6.7% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $201.5K$218K
+8.2%
2 $324K$353.5K
+9.1%
3 $437.5K$459.5K
+5.0%
4 $842.5K$743.5K
-11.8%
5+ $907.5K$1.3M
+43.3%

Summary: Chadds Ford Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 43.3%.

Median Sold Price Compared To Nearby Cities

Concord Township
+8.1%
Chadds Ford Township
+6.7%
Birmingham Township
-0.7%
Chadds Ford
-3.1%
Pennsbury Township
-13.0%

Housing Supply in Chadds Ford Township, PA

How many homes are available in Chadds Ford Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4655+19.6%

Summary: The Chadds Ford Township real estate market had 55 homes for sale in October 2024, a 19.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 05
+100.0%
3 1014
+40.0%
4 1613
-18.8%
5+ 2022
+10.0%

Summary: The Chadds Ford Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
916+77.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chadds Ford Township, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.

Summary: A total of 16 homes were sold or pending in Chadds Ford Township in October 2024, up by 77.8% month-over-month. Of the 16 sold homes, 31% were sold under asking, 44% were sold at asking, and 25% were sold over asking.

Days on Market for Chadds Ford Township, PA

How long does it take to sell a home in Chadds Ford Township, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days20 Days+29.5%

Summary: Homes in Chadds Ford Township had an average of 20 days on market in Oct 2024, up by 29.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chadds Ford Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in Chadds Ford Township; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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Newest Listings in Chadds Ford Township, PA

Nearby Markets to Chadds Ford Township, PA

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MLS Disclaimers and Copyright

Based on information from BrightMLS for the period 11/01/2022 - 11/01/2024

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 11:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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