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FOCUS ON: CHESTER COUNTY HOUSING MARKET |
JULY 2025 |
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Units Sold
592 |
Active Inventory
884 |
Median Sale Price
$587,250 |
Days On Market
19 |
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Up 3%
Vs. Year Ago |
Up 7%
Vs. Year Ago |
Up 10%
Vs. Year Ago |
Up 6%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 592 sold this month in Chester County Real Estate versus 666 last month, a decrease of 11%. This month's total units sold was higher than at this time last year, an increase of 3% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 55 units or 7%. The total number of active inventory this July was 884 compared to 829 in July 2024. This month's supply remained stable as compared to last month.
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Median Sale Price
Last July, the median sale price for Chester County Homes was $535,000. This July, the median sale price was $587,250, an increase of 10% or $52,250 compared to last year. The current median sold price is 3% lower than in June.
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
638 |
Current Contracts
539 |
Sold Vs. List Price
102.1% |
Months of Supply
1.5 |
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Up 3%
Vs. Year Ago |
Up 9%
Vs. Year Ago |
No Change
Vs. Year Ago |
No Change
Vs. Year Ago |
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Months of Supply
In July, there was 1.5 months of supply available in Chester County. The amount of supply is similar compared to 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 638 homes newly listed for sale in Chester County compared to 618 in July 2024, an increase of 3%. There were 539 current contracts pending sale this July compared to 496 a year ago. The number of current contracts is 9% higher than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Chester County was 102.1% 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 19, higher than the average last year, which was 18, an increase of 6%.
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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. |