Is Chester County, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chester County is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Chester County was a Seller's Market.

Key Takeaway

Chester County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Chester County, SC

How much do homes in Chester County, SC cost?

Median Sold Price

$225,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$16,000(+7.7%)

Key Takeaway

Homes in Chester County have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Chester County was $225,000 in May 2024, up 7.7% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $76K$32.4K
-57.3%
2 $133.7K$150K
+12.1%
3 $212K$225K
+6.1%
4 $257.5K$270K
+4.9%
5+ $360K$289K
-19.7%

Summary: Chester County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.3%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 19.7%.

Median Sold Price Compared To Nearby Counties

Chester County
+7.7%
York County
+2.8%
Lancaster County
0.1%
Union County
0.0%

Housing Supply in Chester County, SC

How many homes are available in Chester County, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
122127+4.1%

Summary: The Chester County real estate market had 127 homes for sale in May 2024, a 4.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 2422
-8.3%
3 8182
+1.2%
4 1217
+41.7%
5+ 34
+33.3%

Summary: The Chester County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2313-43.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chester County, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Chester County in May 2024, down by 43.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.

Days on Market for Chester County, SC

How long does it take to sell a home in Chester County, SC?

Average Sale Time

May 2023May 2024CHANGE
27 Days24 Days-11.0%

Summary: Homes in Chester County had an average of 24 days on market in May 2024, down by 11% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chester County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 13 homes were sold in Chester County; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Chester County, SC

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