Delaware County First-Time Homebuyer Report for January

Delaware County is the fifth-most expensive county in Pennsylvania but also the wealthiest, with a cost of living adjustment score of 116.4 and a median income of $62,054 per household. Its three largest cities are Chester, Drexel Hill, and Ardmore. Delaware County is made up of homes that are considered older than most with a median of 55 years. Leading the list of best schools in the county are Swarthmore-Rutledge School, Radnor Middle School, and Lower Merion High School.

Culture

If you're looking to explore the best restaurants in Delaware County, then check out Outback Steakhouse, Pinocchio's Restaurant, and Fellini Cafe Trattoria, Foursquare's most popular places to eat. You might also try Iron Hill Brewery & Restaurant, a popular place to get a drink. Lastly, Panera Bread is a well-known place to get some coffee.

Price Range

The median value of homes in Delaware County is $187,900, making it one of the most valuable areas in Pennsylvania. At the same time, the average list price of available homes is presently $198,913. With home sales in the Delaware County market already below average, in this week's report they dropped 13.6% to 418 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Delaware County:

$229K   $615K   $634K  

Typical Dwelling

The typical dwelling in Delaware County is a three-bedroom townhouse worth about $148,309. To purchase a similar home, a buyer with good credit and a $29,662 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,135 monthly payment. The property tax rate is $20.05 per $1,000 of taxable assessed value.

Get started right now by checking out Delaware County homes for sale or reviewing Delaware County real estate trends.


Data reported through 1/12/2017

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