Real Estate Market Update for
19317 (Chadds Ford, PA)
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Welcome to our monthly "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 32% from one year earlier and up 14% from the previous month This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month... was just under 520-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 31% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just over 320-thousand dollars. Overall, The number of units sold Increased more than 100% year-over-year and Increased 22% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 19317 (Chadds Ford, PA)
Area Information for 19317 (Chadds Ford, PA)
Community Character:Stable Population, Low Residential Turnover, Suburb of Philadelphia
Population:11,009
Median Age:35.76 yr
Median Commute Time:24.62 mins
Educational Climate*:5
Recycling Likelihood**:122
Sales Tax:6%
Population Density:508/sq mi
Population Change Since 2000:28%
Closest Airport:New Castle
Closest College:Cheyney Univ Of Pennsylvania
Closest Jr. College:Delaware Col Of Art And Design
Median Household Income:$110,560
Annual Residential Turnover:12.58%
Median Years in Residence:4.11 yr
Median Home Sales Price:$420,000
Closest Major Sports Team:Wilmington Blue Rocks (a)
Change Avg. Household Income Since 2000:23%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for 19317 (Chadds Ford, PA)
Median Age: 35.76Married: 53%Number of Households: 4,260Households with Children: 1,483
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)