CHESTER COUNTY, PA — Chester County’s housing market is showing signs of both resilience and transition, reflecting broader statewide trends outlined in the Pennsylvania Association of Realtors’ latest report.
Home prices in the county remain elevated, with the median sale price reaching $555,000 in June, a 1.8% increase over the previous year. The median price per square foot rose 2.5% to $244, while the average home value climbed to $571,407 — up 3.8% year over year. Yet despite these gains, the market appears to be cooling modestly. The median home list price fell 5.8% from May to $599,000.
More notably, inventory in Chester County surged 70.2% month-over-month, with 1,266 homes available in June. That increase outpaces the statewide inventory gain of 9% reported by the Pennsylvania Association of Realtors (PAR), which saw listings rise to 41,600 — up from 38,100 in June 2024.
Statewide, the housing market remains strong, with Pennsylvania’s median sales price climbing 6.5% year over year to a record $325,000. Home sales also increased by 8% across the state, reaching 11,850 in June.
“Home prices illustrate that purchasing a home is a great investment,” said Bill Lublin, PAR president and CEO of Century 21 Advantage Gold. He noted that the uptick in inventory signals a shift toward a more balanced market.
For Chester County, the rapid rise in listings combined with steady home values suggests the region is adjusting to a new phase — one marked by less competition and more choice for buyers. Statewide inventory has now reached 4.32 months of supply, up 7.5% from last June, and local agents anticipate similar trends in the county.
“As inventory rises, we anticipate a gradual return to a more balanced market where both buyers and sellers can make decisions with greater confidence,” Lublin added.
While affordability remains a challenge in many areas, Chester County’s housing market is becoming more accessible due to increased inventory. This could help ease the pressure on buyers who have faced limited options and intense competition in recent years.
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