Home sellers have been enjoying
rising sale prices, reflecting historically low housing inventory and rock-bottom
mortgage rates. Third-quarter numbers show significant year-over-year price
gains in Chester, Bucks, and Montgomery Counties, with the largest gain in
Bucks County.
Here is the data from third-quarter
2020 showing average sale prices by county and one-year percent changes in
prices, houses for sale, and average property marketing period.
Chester County
Average Sale Price $448,552
Average Sale Price Increase +7.1%
Houses for Sale -57.8%
Days on Market
-27.2%
Bucks County
Average Sale Price $425,982
Average Sale Price Increase +12.1%
Houses for Sale -60.8%
Days on Market -16.9%
Montgomery County
Average Sale Price $394,924
Average Sale Price Increase +9.9%
Houses for Sale -57.8%
Days on Market
-19.2%
Average sale prices vary
considerably within each county. Zip codes with the highest sale prices are 19312
(Berwyn) in Chester County, 18938 (New Hope) in Bucks County, and 19035 (Gladwyne)
in Montgomery County.
Data from BrightMLS
You Might Also
Like
Mortgage Rates Hit a New Low
Top-Paying Jobs in the
Philadelphia Region
Local High Schools Among Top in PA
See more of my articles on related real estate
topics. What
topics would you like covered? Send your ideas to annette@preferredhomes.com
If
you’re planning to buy or sell a home, contact Annette Nelson at (610)
247-7892 or annette@preferredhomes.com
#realestate
#housing #HousePrices
#MontgomeryCounty #BucksCounty #ChesterCounty
Copyright
© 2020 by Annette Nelson. All Rights Reserved.
