December Market Update

Southeastern PA Real Estate Market Update - December 2024

As 2024 came to a close, the Southeastern Pennsylvania real estate market remained active, with notable trends across key counties. Whether you’re thinking about buying, selling, or investing, these insights will help you better understand local market conditions.

Here’s a snapshot of December 2024 market activity by county:

Bucks County:

• New Listings: 248

• Average Sales Price: $455,000

• Closed Sales: 442

• Days on Market: 30

Bucks County saw a balanced market with consistent pricing and a quick turnaround for sellers, averaging just 30 days on the market.

Chester County:

• New Listings: 285

• Average Sales Price: $505,000

• Closed Sales: 414

• Days on Market: 31

With an average sales price of $505,000, Chester County leads the region in home value. The average time to sell remains steady at 31 days.

Delaware County:

• New Listings: 320

• Average Sales Price: $325,000

• Closed Sales: 468

• Days on Market: 34

Delaware County remains an attractive area for buyers, offering more affordable pricing compared to its neighboring counties.

Montgomery County:

• New Listings: 407

• Average Sales Price: $450,000

• Closed Sales: 651

• Days on Market: 31

Montgomery County saw the highest number of closed sales in the region, with 651 homes sold in December, underscoring strong buyer demand.

Philadelphia:

• New Listings: 1,178

• Average Sales Price: $265,000

• Closed Sales: 1,100

• Days on Market: 59

Philadelphia’s urban market remains competitive, with over 1,100 closed sales. However, homes took longer to sell, averaging 59 days on the market.

Key Takeaways:

• Inventory is still moving quickly in suburban markets like Bucks, Chester, and Montgomery counties, where homes are selling in just about a month.

• Philadelphia remains a hot market in terms of volume, but properties are staying on the market longer.

• If you’re considering selling, now is a great time to reach out—buyers are active, and homes are moving quickly!

If you have any questions about the current market or want personalized advice, feel free to reach out to the Matt Harnick Team. We're here to help you navigate your real estate journey!

Stay Connected with Us: Follow us for more updates and insights on the local market. Whether you're buying, selling, or just curious about your home's value, we're always happy to chat!

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The Matt Harnick Team | Keller Williams Real Estate

910 Harvest Dr, Suite 100 | Blue Bell, PA 19422 USA

Office: 215-646-2900 | Direct: 267-419-2968

Website: harnickteam.com

Team includes:

Matt Harnick (RS298725) | 215-576-5500 | matt@harnickteam.com

Alyssa Mallon (RS365826) | 215-534-5081 | alyssa@harnickteam.com

Michelle Chenevert, Operations Manager (RS370544) | 267-419-2968 | michelle@harnickteam.com

Josh Harnick, Director of Field Operations | (Unlicensed)

Each office is independently owned and operated.

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