Is Chester County, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chester County was a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76K | $32.4K | -57.3% |
2 Bedrooms | $133.7K | $150K | +12.1% |
3 Bedrooms | $212K | $225K | +6.1% |
4 Bedrooms | $257.5K | $270K | +4.9% |
5+ Bedrooms | $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 | $209K | $225K | +7.7% |
York County | $378.6K | $389.3K | +2.8% |
Lancaster County | $407.3K | $407.5K | 0.1% |
Union County | $159.9K | $160K | 0.0% |
Housing Supply in Chester County, SC
How many homes are available in Chester County, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
122 | 127 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 24 | 22 | -8.3% |
3 Bedrooms | 81 | 82 | +1.2% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 3 | 4 | +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 2024 | May 2024 | CHANGE |
---|---|---|
23 | 13 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 24 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
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.