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| MARCH 2025 | |||
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| Zip Code(s): 19425, 19341, 19421 and 19480 | |||
| Units Sold 25 |
Active Inventory 36 |
Median Sale Price $787,500 |
Days On Market 10 |
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| Up 9% Vs. Year Ago |
Up 6% Vs. Year Ago |
Up Vs. Year Ago |
No Change Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 25 sold this month in Chester Springs and Exton Real Estate versus 24 last month, an increase of 4%. This month's total units sold was higher than at this time last year, an increase of 9% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 2 units or 6%. The total number of active inventory this March was 36 compared to 34 in March 2024. This month's total of 36 is higher than the previous month's total supply of available inventory of 35, an increase of 3%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Chester Springs and Exton Homes was $626,600. This March, the median sale price was $787,500, an increase of $160,900 compared to last year. The current median sold price is higher than in February. 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 44 |
Current Contracts 37 |
Sold Vs. List Price 101.3% |
Months of Supply 1.4 |
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| Down -6% Vs. Year Ago |
Up 3% Vs. Year Ago |
Down -0.5% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In March, there was 1.4 months of supply available in Chester Springs and Exton. 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 44 homes newly listed for sale in Chester Springs and Exton compared to 47 in March 2024, a decrease of 6%. There were 37 current contracts pending sale this March compared to 36 a year ago. The number of current contracts is 3% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Chester Springs and Exton was 101.3% of the average list price, which is 0.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 10, which is similar compared to a year ago. | |||
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Chester Springs and Exton are defined as properties listed in zip code/s 19425, 19341, 19421 and 19480. | ||
| *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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