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| FEBRUARY 2025 | |||
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| Units Sold 280 |
Active Inventory 619 |
Median Sale Price $500,950 |
Days On Market 30 |
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| Up 9% Vs. Year Ago |
Up 4% Vs. Year Ago |
Down -2% Vs. Year Ago |
Down -9% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in February, with 280 sold this month in Chester County Real Estate versus 326 last month, a decrease of 14%. This month's total units sold was higher than at this time last year, an increase of 9% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 25 units or 4%. The total number of active inventory this February was 619 compared to 594 in February 2024. This month's total of 619 is lower than the previous month's total supply of available inventory of 643, a decrease of 4%. |
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Median Sale Price
Last February, the median sale price for Chester County Homes was $510,000. This February, the median sale price was $500,950, a decrease of 2% or $9,050 compared to last year. The current median sold price is 3% lower than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 401 |
Current Contracts 366 |
Sold Vs. List Price 100.6% |
Months of Supply 2.2 |
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| Down -12% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
Down -4% Vs. Year Ago |
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Months of Supply
In February, there was 2.2 months of supply available in Chester County, compared to 2.3 in February 2024. That is a decrease of 4% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 401 homes newly listed for sale in Chester County compared to 454 in February 2024, a decrease of 12%. There were 366 current contracts pending sale this February, consistent with the volume a year ago. The number of current contracts is 10% higher than last month. |
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Sale Price to List Price Ratio
In February, the average sale price in Chester County was 100.6% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 30, lower than the average last year, which was 33, a decrease of 9%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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