Is Lower Chichester Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lower Chichester Township was a Seller's Market.
Key Takeaway
Lower Chichester Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Chichester Township, PA
How much do homes in Lower Chichester Township, PA cost?
Median Sold Price
$177,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lower Chichester Township have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Lower Chichester Township was $177,500 in May 2024, up 13.2% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $189.5K | +11.5% |
| 3 Bedrooms | $155K | $160K | +3.2% |
| 4 Bedrooms | $175K | $230K | +31.4% |
| 5+ Bedrooms | - | $310K | N/A |
Summary: Lower Chichester Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lower Chichester Township | $156.7K | $177.5K | +13.2% |
| Upper Chichester Township | $305K | $340K | +11.5% |
| Claymont | $315K | $332K | +5.4% |
| Marcus Hook | $185K | $185K | 0.0% |
Housing Supply in Lower Chichester Township, PA
How many homes are available in Lower Chichester Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Lower Chichester Township real estate market had 13 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lower Chichester Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Chichester Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lower Chichester Township in May 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lower Chichester Township, PA
How long does it take to sell a home in Lower Chichester Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 138 Days | +314.0% |
Summary: Homes in Lower Chichester Township had an average of 138 days on market in May 2024, up by 314% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Lower Chichester Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 1 homes were sold in Lower Chichester Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
