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 March 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
$625,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chadds Ford Township have sold for 34.4% more than they did a year ago.
Summary: The median home sold price in Chadds Ford Township was $625,000 in March 2024, up 34.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.5K | $180K | -16.1% |
| 2 Bedrooms | $230.4K | $327K | +41.9% |
| 3 Bedrooms | $386K | $449K | +16.3% |
| 4 Bedrooms | $897.7K | $811.1K | -9.6% |
| 5+ Bedrooms | $1.0M | $1.0M | -4.4% |
Summary: Chadds Ford Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes increased by 41.9%, 3 bedroom homes increased by 16.3%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Chadds Ford Township | $465K | $625K | +34.4% |
| Chadds Ford | $575K | $642.5K | +11.7% |
| Pennsbury Township | $708K | $750K | +5.9% |
| Concord Township | $611K | $638.5K | +4.5% |
| Birmingham Township | $800K | $820K | +2.5% |
Housing Supply in Chadds Ford Township, PA
How many homes are available in Chadds Ford Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 61 | +8.9% |
Summary: The Chadds Ford Township real estate market had 61 homes for sale in March 2024, a 8.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 28 | 29 | +3.6% |
Summary: The Chadds Ford Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 11 | +450.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chadds Ford Township, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Chadds Ford Township in March 2024, up by 450.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 82 Days | 27 Days | -66.7% |
Summary: Homes in Chadds Ford Township had an average of 27 days on market in Mar 2024, down by 66.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 March 2024, 11 homes were sold in Chadds Ford Township; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
