CHESTER COUNTY, PA — Chester County’s housing market gained momentum in June, defying national trends that saw inventory surge and pricing pressures mount across major metro areas. Local sales activity rose 24% month-over-month, with 638 homes sold, up from 516 in May. That figure also edged past June 2024 totals, signaling sustained buyer demand even as inventory dipped.
The median home price in Chester County dropped to $599,000, down 5.8% from May, but homes continued to sell above asking, closing at 102.4% of the list price on average. While the pricing pullback may reflect seasonal fluctuations or shifting buyer behavior, sellers still maintain leverage in this tight market.
At a national level, RE/MAX’s June Housing Report showed a 5.7% increase in year-over-year home sales across 50 metro markets. The national median sales price rose to $440,000 — up 2.8% from May and 2.1% higher than a year ago — suggesting broader affordability challenges that Chester County may be bucking with its localized price softening.
However, inventory trends diverge sharply. Nationally, housing supply grew 30.1% year-over-year and 3.9% month-over-month, pushing months’ supply to 2.7. In contrast, Chester County’s active listings fell 11% from May and are down slightly from a year ago. The county reported just 1.2 months of supply in June, indicating that tight conditions continue to constrain options for buyers.
Despite the dip in available inventory, new contracts in Chester County rose to 638 in June, up 6% from last year. Pending activity and fast market velocity — homes spending just 17 days on the market on average — suggest buyers remain highly engaged, even with fewer listings and elevated borrowing costs.
Chester County’s newly listed properties totaled 670 in June, down 8% from the same month in 2024. This tracks with a national drop in new listings from May to June, though the U.S. still logged a 1.4% year-over-year increase. In the Philadelphia metro region, however, RE/MAX identified a 24% year-over-year decline in new listings — one of the sharpest regional drops nationwide — adding context to Chester County’s constrained supply.
“Buyers are finding more options, and sellers are seeing demand,” said Erik Carlson, CEO of RE/MAX Holdings, noting nationwide improvement in buyer-seller engagement. But in markets like Chester County, limited supply continues to tilt conditions toward sellers while constraining broader transaction volume.
Nationally, buyers paid 99% of asking prices on average in June, while Chester County exceeded that benchmark, further reflecting competitive local dynamics. And while much of the country saw months of supply edge upward, Chester County remains well below equilibrium, with no immediate signs of loosening.
As the second half of 2025 unfolds, Chester County’s real estate landscape remains defined by tight inventory, resilient demand, and a market still adjusting to the new normal of pricing expectations and buyer behavior, even as national trends hint at greater balance.
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