A breakdown of down payment, closing costs, taxes & ongoing expenses — in plain English

If you’re thinking about buying a home in Delaware County, PA, you’re not alone — affordability is the number-one topic local buyers are Googling and asking agents about. Even with rising prices, many families and first-time buyers are still finding opportunities here. But the big question remains:

💰 How much does it really cost to buy a home in Delco?

Let’s break it down:

📌 1. Home Prices Right Now

• Median sold price: around $349,900
• Median price per sq. ft.: approx. $217
• Most popular price ranges for starter homes: $250K–$375K

Some areas are more affordable (e.g., Chester, Darby, Sharon Hill) while others trend higher (Havertown, Media, Swarthmore, Springfield).

📌 2. The Up-Front Costs to Prepare For

Certain programs — including FHA, VA, NACA, first-time-buyer grants, and some local banks — can dramatically reduce upfront costs.

📌 3. Ongoing Monthly Expenses

Beyond your mortgage, budget for:

• Property taxes (varies by township; can majorly affect affordability)
• Homeowners insurance
• Utilities
• HOA/condo fees (if applicable)
• Maintenance and upgrades

🧠 So… Is It Better to Buy Now or Wait?

Prices in many Delco pockets are still trending upward. Waiting could mean:

• Higher prices later
• Higher rates later
• More competition in spring/summer

But buying now only makes sense if you’re financially and emotionally ready. The smartest move is to get pre-approved early, explore affordability realistically, and start shopping at your pace.