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 April 2023
Since last year, Chadds Ford Township has remained a Seller's Market.
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 April 2023
Summary: The median home sold price in Chadds Ford Township was $625,000 in April 2024, up 33% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $214.5K | $180K | -16.1% |
2 Bedrooms | $237.9K | $332.5K | +39.7% |
3 Bedrooms | $422.5K | $432K | +2.2% |
4 Bedrooms | $900K | $800K | -11.1% |
5+ Bedrooms | $1.0M | $1.0M | +3.7% |
Summary: Chadds Ford Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes increased by 39.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
Chadds Ford Township | $470K | $625K | +33.0% |
Chadds Ford | $575.5K | $647.5K | +12.5% |
Concord Township | $605K | $650K | +7.4% |
Housing Supply in Chadds Ford Township, PA
How many homes are available in Chadds Ford Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 40 | +11.1% |
Summary: The Chadds Ford Township real estate market had 40 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 10 | 18 | +80.0% |
5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Chadds Ford Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 7 | -41.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Chadds Ford Township in April 2024, down by 41.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 17 Days | -78.5% |
Summary: Homes in Chadds Ford Township had an average of 17 days on market in Apr 2024, down by 78.5% 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
Summary: During April 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.