Is Chadds Ford, 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 has remained a Seller's Market.
Key Takeaway
Chadds Ford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chadds Ford, PA
How much do homes in Chadds Ford, PA cost?
Median Sold Price
$647,500
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chadds Ford have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Chadds Ford was $647,500 in April 2024, up 12.5% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206K | $180K | -12.6% |
| 2 Bedrooms | $208K | $328.5K | +57.9% |
| 3 Bedrooms | $440K | $475K | +8.0% |
| 4 Bedrooms | $657K | $805.5K | +22.6% |
| 5+ Bedrooms | $875K | $1.0M | +24.5% |
Summary: Chadds Ford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes increased by 57.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 24.5%.
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, PA
How many homes are available in Chadds Ford, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Summary: The Chadds Ford real estate market had 33 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 9 | 16 | +77.8% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The Chadds Ford 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 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chadds Ford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Chadds Ford in April 2024, down by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Chadds Ford, PA
How long does it take to sell a home in Chadds Ford, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 94 Days | 18 Days | -80.1% |
Summary: Homes in Chadds Ford had an average of 18 days on market in Apr 2024, down by 80.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chadds Ford are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Chadds Ford; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
