$5,580 Closing Credit*
$469,900
2,546 SqFt
4 Beds
•2 Full Baths, 1 Partial
Meagan Martin-Ioannou, Heather Alley, Listing Office: Keller Williams Advisors
Is West Chester, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, West Chester has remained a Seller's Market.
Key Takeaway
West Chester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Chester, OH
How much do homes in West Chester, OH cost?
Median Sold Price
$390,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$40,000(-9.3%)
Key Takeaway
Homes in West Chester have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in West Chester was $390,000 in October 2024, down 9.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $216.5K | -13.4% |
| 3 Bedrooms | $342.9K | $345K | +0.6% |
| 4 Bedrooms | $453K | $418K | -7.7% |
| 5+ Bedrooms | $719K | $560K | -22.1% |
Summary: West Chester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 22.1%.
Median Sold Price Compared To Nearby Cities
| Liberty Township | $432.5K | $464K | +7.3% |
| Deerfield Township | $427.9K | $415K | -3.0% |
| West Chester Township | $415K | $390K | -6.0% |
| West Chester | $430K | $390K | -9.3% |
Housing Supply in West Chester, OH
How many homes are available in West Chester, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 38 | +18.8% |
Summary: The West Chester real estate market had 38 homes for sale in October 2024, a 18.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The West Chester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 16 | +166.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Chester, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in West Chester in October 2024, up by 166.7% month-over-month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and 19% were sold over asking.
Days on Market for West Chester, OH
How long does it take to sell a home in West Chester, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 2 Days | 20 Days | +910.0% |
Summary: Homes in West Chester had an average of 20 days on market in Oct 2024, up by 910% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Chester are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in West Chester; 25% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2024 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved