In welcome news for buyers, local home prices drifted downward over the last few months. The average sale price for homes in Montgomery County peaked at $461,255 in June and by October had fallen to $409,903—still higher than last October’s average of $399,927.

Chester and Bucks Counties have followed a similar trend. In Chester County, the average home price fell from $523,940 in June to $497,052 in October, and the average in Bucks County declined from $499,785 to $462,380 during the same time. As with Montgomery County, average prices in Chester and Bucks Counties were still higher this October than last October.

Average Prices in Local School Districts

Home prices can vary considerably within each county and among individual school districts. Here are the average sale prices for several area school districts as of October 2021:

North Penn        $368,947
Souderton          $370,555
Spring-Ford        $394,593
Phoenixville        $395,175
Perkiomen Valley   $399,759
Central Bucks     $462,380
Methacton          $526,293
Upper Dublin     $533,661
Great Valley        $568,489
Wissahickon       $719,505

If you’re a buyer, now is a great time to take advantage of more reasonable housing prices—in addition to low interest rates—as you search for your next home.

Data from BrightMLS as of November 18, 2021.

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

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