Is Lower Chichester Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lower Chichester Township is a neutral's market

Buyer's
Market

Difference Since February 2023

Since last year, Lower Chichester Township has remained a Neutral Market.

Key Takeaway

Lower Chichester 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 Lower Chichester Township, PA

How much do homes in Lower Chichester Township, PA cost?

Median Sold Price

$160,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,000(+3.2%)

Key Takeaway

Homes in Lower Chichester Township have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Lower Chichester Township was $160,000 in February 2024, up 3.2% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $185K$196K
+5.9%
3 $148.7K$159.2K
+7.1%
4 $176K-
N/A
5+ -$310K
N/A

Summary: Lower Chichester Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Upper Chichester Township
+8.4%
Claymont
+7.2%
Marcus Hook
+5.7%
Lower Chichester Township
+3.2%

Housing Supply in Lower Chichester Township, PA

How many homes are available in Lower Chichester Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
19190.0%

Summary: The Lower Chichester Township real estate market had 19 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1313
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Lower Chichester Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 3 homes were sold or pending in Lower Chichester Township in February 2024, up by 50.0% month-over-month. Of the 3 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

Feb 2023Feb 2024CHANGE
56 Days15 Days-73.2%

Summary: Homes in Lower Chichester Township had an average of 15 days on market in Feb 2024, down by 73.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 3 homes were sold in Lower Chichester Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

Newest Listings in Lower Chichester Township, PA

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What housing markets are near Lower Chichester Township, PA?