Suburban Philadelphia Real Estate News


Thornbury Township Chester County PA Home Sales Update

Thornbury Township in Chester County PA continues to have solid home sales with rising prices.

Founded in 1687,  Thornbury Township in Chester County has been a mainly rural area until recently with new residential development throughout the township. Unlike many local townships in Chester and Delaware Counties in Pennsylvania, Thornbury Township has not followed the general up and down home sale pricing trends seen throughout the area. Average prices have varied on a yearly basis but overall have managed to remain more stable than many local areas. This may be changing as prices look to move higher in 2017.

Between 2004 and 2016 the highest average sales price was $562,000 and the lowest average sales price was $442,000. These happened in adjacent years. In 2009, there were only 24 home sales at an average sales price of $544,000. In 2010, sales recovered nicely to 37 sales but prices dropped to an average low of $442,000. Seeing the activity, prices rose to an overall average high of $562,000 in 2011 but sales dropped to a low of 22 sales for the year. Since then, home sale prices have remained in a range of $478,000 to $540,000, and yearly sales have been between 31 and 44 sales per year.

Based on the numbers year to date in 2017, we may finally be in an uptrend. 109 Red Lion Rd Currently there are 17 properties on the market with an average asking price of $616,000. Eight properties are under contract with an average list price of $601,000. There have also been 17 sales with an average sales price of $602,000 (96.79% of list price) with an average of 41 days on the market. If activity continues to be strong, average prices could reach a new high this year.

With its prime location on Route 926 and Route 202 providing easy access to West Chester, Wilmington, and all of Chester and Delaware Counties, Thornbury Townhip is well positioned to remain a popular housing choice for years to come. This should allow home sales activity and pricing to remain stable and strengthen going forward.

David Henke
Long & Foster Real Estate Inc – Devon, PA/Wilmington, DE
Office: 610-225-7400/Direct: 610-618-0808

 (All statistics per the TrendMLS System and believed accurate but not guaranteed)



Comment balloon 0 commentsDavid Henke • July 10 2017 02:40PM
Thornbury Township Chester County PA Home Sales Update
Thornbury Township in Chester County PA continues to have solid home sales with rising prices. Founded in 1687, Thornbury Township in Chester County has been a mainly rural area until recently with new residential development throughout the… more
Chester County Home Sales Update First Half 2017
For the first half of 2017, the Chester County housing market continues to strengthen and looks to remain strong through the balance of 2017. As of July 1 throughout Chester County, there were 2, 541 properies currently on the market, 1, 271 homes… more
Ridley Park PA - Home Prices Steady with Rising Activity
Home sales in Ridley Park Borough PA continue to rise while prices remain steady. In the 1870's, the Philadelphia, Wilmington, and Baltimore railroad was developing a new line into Chester. They hired an architect and planned a new community… more
Haverford Township PA Home Sales Update
Haverford Township continues to see solid home pricing with increasing sales activity. Located in the northeastern part of Delaware County just to the west of the Blue Route (I-476), Haverford Township has been a very popular community along the… more
Delaware County PA Home Sales Continue to Improve
Delaware County PA home sales continue to improve in 2017. It just keeps getting better. As of April 5, 2017 throughout Delaware County, there were 2312 properties on the market, 1050 under contract, and 1312 properties have settled since the first… more
Upper Providence Township - Safest in Delaware County PA
Upper Providence Township in Delaware County PA continues to be ranked as one of the safest cities in Pennsylvania and the country. Based on a report by SafeWise. com Upper Providence is ranked as the 'safest city' in Delaware County based on an… more
East Norriton Township Montgomery County PA Home Sales Update
East Norriton Township PA continues to be a popular housing choice with strong activity and stable pricing over the last several years. The area now comprising East Norriton was originally included in the Manor of Williamstadt created by William… more
Quick Delaware County PA Wrap Up
So how did it go in Delaware County real estate last year? - Pretty Good! Although there has been a wide variation in activity throughout the county and townships, the overall market has continued to strengthen. From January 1 2015 through January 4… more
Delaware County PA Real Estate & Homes Market Update
Despite a bit of a cool down, Delaware County PA continues to see strong home sales activity throughout the county - continuing a trend seen throughout the year. After getting off to a tremendous start in 2015, the real estate market has cooled… more
Woodlyn PA Homes Update for Zip Code 19094
After several years of decline, it appears that the market price for homes in Woodlyn PA has stabilized with increasing activity. Woodlyn PA is a census designated area located in the western portion of Ridley Township. This is the area covered by… more