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| MAY 2025 | |||
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| Units Sold 509 |
Active Inventory 806 |
Median Sale Price $574,490 |
Days On Market 16 |
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| Up 2% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 23% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 509 sold this month in Chester County Real Estate versus 499 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 2% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 52 units or 7%. The total number of active inventory this May was 806 compared to 754 in May 2024. This month's total of 806 is lower than the previous month's total supply of available inventory of 882, a decrease of 9%. |
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Median Sale Price
Last May, the median sale price for Chester County Homes was $544,945. This May, the median sale price was $574,490, an increase of 5% or $29,545 compared to last year. The current median sold price is 2% higher than in April. 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 654 |
Current Contracts 620 |
Sold Vs. List Price 102.5% |
Months of Supply 1.6 |
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| Down -3% Vs. Year Ago |
Up 11% Vs. Year Ago |
Down -0.9% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In May, there was 1.6 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 654 homes newly listed for sale in Chester County compared to 675 in May 2024, a decrease of 3%. There were 620 current contracts pending sale this May compared to 561 a year ago. The number of current contracts is 11% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Chester County was 102.5% of the average list price, which is 0.9% lower than at this time last year. Days on Market
This month, the average number of days on market was 16, higher than the average last year, which was 13, an increase of 23%. | |||
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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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