Is Upper Chichester Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Upper Chichester Township has remained a Seller's Market.
Key Takeaway
Upper Chichester Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Chichester Township, PA
How much do homes in Upper Chichester Township, PA cost?
Median Sold Price
$340,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Upper Chichester Township have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Upper Chichester Township was $340,000 in May 2024, up 11.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $265K | +15.2% |
| 3 Bedrooms | $295K | $325K | +10.2% |
| 4 Bedrooms | $356K | $395K | +11.0% |
| 5+ Bedrooms | $370K | $390K | +5.4% |
Summary: Upper Chichester Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Lower Chichester Township | $156.7K | $177.5K | +13.2% |
| Upper Chichester Township | $305K | $340K | +11.5% |
| Aston | $320K | $330K | +3.1% |
| Chester Township | $135K | $125K | -7.4% |
Housing Supply in Upper Chichester Township, PA
How many homes are available in Upper Chichester Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 61 | +19.6% |
Summary: The Upper Chichester Township real estate market had 61 homes for sale in May 2024, a 19.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 20 | 31 | +55.0% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Upper Chichester Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 55%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Chichester Township, expect to pay close to the asking price. 53.3% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Upper Chichester Township in May 2024, up by 7.1% month-over-month. Of the 15 sold homes, 27% were sold under asking, 53% were sold at asking, and 20% were sold over asking.
Days on Market for Upper Chichester Township, PA
How long does it take to sell a home in Upper Chichester Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 25 Days | +194.9% |
Summary: Homes in Upper Chichester Township had an average of 25 days on market in May 2024, up by 194.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Upper Chichester Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Upper Chichester Township; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
