Is Chadds Ford 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, Chadds Ford Township was a Seller's Market.
Key Takeaway
Chadds Ford Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chadds Ford Township, PA
How much do homes in Chadds Ford Township, PA cost?
Median Sold Price
$625,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chadds Ford Township have sold for 30.9% more than they did a year ago.
Summary: The median home sold price in Chadds Ford Township was $625,000 in May 2024, up 30.9% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.5K | $180K | -16.1% |
| 2 Bedrooms | $285K | $348K | +22.1% |
| 3 Bedrooms | $437.5K | $440.5K | +0.7% |
| 4 Bedrooms | $725K | $800K | +10.3% |
| 5+ Bedrooms | $1.0M | $1.2M | +20.8% |
Summary: Chadds Ford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
| Chadds Ford Township | $477.5K | $625K | +30.9% |
| Pennsbury Township | $708K | $780.5K | +10.3% |
| Chadds Ford | $595.5K | $650K | +9.1% |
| Concord Township | $619.9K | $650K | +4.8% |
| Birmingham Township | $840K | $772.1K | -8.1% |
Housing Supply in Chadds Ford Township, PA
How many homes are available in Chadds Ford Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 43 | 0.0% |
Summary: The Chadds Ford Township real estate market had 43 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Chadds Ford 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 decreased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chadds Ford Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Chadds Ford Township in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 14 Days | -2.4% |
Summary: Homes in Chadds Ford Township had an average of 14 days on market in May 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chadds Ford Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Chadds Ford Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
