Is Chadds Ford, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chadds Ford has remained a Seller's Market.
Key Takeaway
Chadds Ford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chadds Ford, PA
How much do homes in Chadds Ford, PA cost?
Median Sold Price
$650,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chadds Ford have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Chadds Ford was $650,000 in May 2024, up 9.1% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206K | $180K | -12.6% |
| 2 Bedrooms | $230K | $339K | +47.4% |
| 3 Bedrooms | $450K | $475K | +5.6% |
| 4 Bedrooms | $725K | $811.1K | +11.9% |
| 5+ Bedrooms | $875K | $1.2M | +40.6% |
Summary: Chadds Ford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes increased by 47.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 40.6%.
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, PA
How many homes are available in Chadds Ford, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 33 | -8.3% |
Summary: The Chadds Ford real estate market had 33 homes for sale in May 2024, a 8.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Chadds Ford 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chadds Ford, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Chadds Ford in May 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Chadds Ford, PA
How long does it take to sell a home in Chadds Ford, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 16 Days | -7.9% |
Summary: Homes in Chadds Ford had an average of 16 days on market in May 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
5 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 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Chadds Ford; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
