At the beginning of this year, the average number of days it took to sell a house in Montgomery County was 31. By July, the average had fallen to 18. See the graph above for Montgomery County (courtesy of BrightMLS). Quick sales have been driven by low housing inventory and continued strong demand from buyers.

Bucks and Chester Counties have seen a similar decline in the number of days required to sell. In July, the average in Chester County was 15 days, and in Bucks County, it was just 13.

Updated homes continue to see the strongest demand, with many attracting multiple offers and selling in just a few days. In a continuing trend, many buyers are willing to pay a premium for homes that have already been renovated.

Average Sale Prices

As the number of days to sell has fallen, sale prices have risen. Here are the average sale prices as of July 2021 for three local counties:

Montgomery County     $458,293
Bucks County                $483,580
Chester County             $509,571

Data and graph from BrightMLS as of 8/12/21

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See more of Annette’s articles on related real estate topics.

FOR EXPERT HELP buying or selling a home, contact Annette at (610) 247-7892 or annette@preferredhomes.com

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