Delco Just Had Its Busiest Month in a Year and a Half, Here's Why
In June, more Delaware County buyers signed contracts on a home than in any single month going back a year and a half. Not a slow summer. Not a normal summer. The busiest one we've tracked since early 2025.
That might not match what you'd expect this time of year. A lot of people assume things quiet down once school lets out and everyone's booking vacations. This year, the opposite happened. Let's get into what's actually going on, and what it means whether you're buying, selling, or just trying to figure out if now is a smart time to make a move.
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The Short Version
Contract activity climbed every single month from March through June. Homes are also selling faster than they have all year, down to an average of 22 days on market from a high of 42 days back in February. And the typical home that closed in June sold for $420,000, up from around $350,000 earlier in the year.
New listings came on the market at a healthy pace all summer too. There was a small, normal dip from May to June, which happens most years once the peak spring listing rush passes. It's not a red flag, it's just the calendar.
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Why This Summer Is Different
Here's the trend that tells the real story, month by month contracts signed across the county:
- February: 223
- March: 378
- April: 398
- May: 403
- June: 411, the highest month in the past year and a half
That's not a one-month blip. That's four straight months of buyers writing more contracts than the month before. And it's not just that more people are shopping, they're moving faster once they find something. Average days on market has been dropping right alongside it: 42 days in February, 38 in March, 28 in April, 21 in May, 22 in June.
Usually when a market has this many buyers moving this fast, you'd expect inventory to shrink and get tighter. Instead, more homes came on the market too, so buyers actually had more to choose from. They just weren't taking their time about it.
What Mortgage Rates Look Like Right Now
Rates have been stuck in the mid 6% range all summer, hovering somewhere between about 6.4% and 6.7% depending on the week. They ticked up slightly after the Fed's June meeting, and nothing points to a big drop before fall.
If you're buying: the market picking up speed despite these rates tells you something. Buyers aren't waiting around for a better rate before they act. A lot of people are choosing to buy now and revisit refinancing later if rates ever ease up.
If you're selling: don't assume today's rates are keeping buyers on the sidelines. Clearly they're not. Buyers are showing up, moving fast, and competing for the homes they want.
What Homes Are Actually Selling For
The typical home listed for sale in June was priced somewhere between $345,000 and $407,000. But the typical home that actually sold went for $420,000. That gap matters, it means buyers are regularly paying above the asking price to win the homes they want.
The average sale price came in even higher, at $558,923, though that gets pulled up by higher end homes closing this summer. The median, at $420,000, is the better read on what a typical Delco home is going for right now.
Where the Action Is
Location still makes a huge difference in how fast a home sells and what it sells for.
Towns where homes are moving fastest and commanding top dollar:
- Media
- Swarthmore
- Haverford Township
- Springfield
- Radnor
A lot of the urgency here comes from families trying to close before the school year starts. If you're racing to get your kids settled into a new district before September, you're not the only one on that clock, and that's part of what's driving the pace in these towns.
Towns where there's still real value to be found:
- Upper Darby
- Chester
- Lansdowne
These areas are still drawing steady interest from first-time buyers and investors looking for a good deal without the bidding war.
So Is This a Buyer's Market or a Seller's Market?
Still very much a seller's market, and the June numbers make it even clearer than the spring did.
Why sellers have the advantage right now:
- June had more signed contracts than any month in the past year and a half
- Days on market kept dropping all spring and into summer
- Prices climbed rather than leveled off
- There still aren't enough homes for sale to hand buyers real leverage
Where buyers have a little more to work with:
- More homes came on the market this summer than a year ago, so there are more options to choose from
- Homes that are overpriced or don't show well are still sitting, and some are seeing price cuts
- Buyers who are pre-approved and ready to move fast have more to choose from than they did back in the winter
What to Expect Heading Into Fall
Don't expect this pace to hold forever, but don't expect a dramatic cooldown either. Prices will likely hold somewhere in the $400,000 to $420,000 range through the rest of the year. Rates should stay in the mid 6% range barring a major economic shift. New listings typically slow down a bit heading into fall, which is normal, but based on how fast buyers have been moving all summer, well priced homes should keep finding buyers quickly.
What This Means For You
If you're buying:
- Get pre-approved before you start touring. At 22 days on market, and with June being the busiest contract month in over a year, hesitating can cost you the house
- Stop waiting for rates to drop. They've held steady in the mid 6% range all summer with no signs of moving
- Move quickly once you find the right home. Buyers who waited even a few days this spring lost out on more than one
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If you're selling:
- Price it right from the start. Buyer demand is at its highest point in over a year, but overpriced homes are still getting passed over
- List now if you can. June was the busiest month for signed contracts in a year and a half, and that kind of demand doesn't come around often
- Presentation still matters. Homes selling above asking price this summer aren't winning on price alone
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Bottom Line
Most people expect the housing market to slow down once summer really kicks in. Delaware County did the opposite. June was the busiest month for signed contracts in a year and a half, homes sold faster than they have all year, and prices kept climbing. If you've been waiting for things to quiet down before you make a move, the data says that hasn't happened yet.
Whether you're trying to close before the school year starts or you're thinking about listing while demand is at its highest point in over a year, knowing where things actually stand will help you make a smarter move. Explore current homes for sale in Delaware County or find out what your home is worth today with the local experts at OwnDelco.