Is West Chester, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Chester is a seller's market

Buyer's
Market

Difference Since November 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

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since November 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 November 2024, down 9.3% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $220K$217K
-1.4%
3 $342.9K$335K
-2.3%
4 $457.5K$425K
-7.1%
5+ $679K$555K
-18.3%

Summary: West Chester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 18.3%.

Median Sold Price Compared To Nearby Cities

Deerfield Township
+9.2%
Liberty Township
+7.1%
West Chester Township
-6.0%
West Chester
-9.3%

Housing Supply in West Chester, OH

How many homes are available in West Chester, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2619-26.9%

Summary: The West Chester real estate market had 19 homes for sale in November 2024, a 26.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 86
-25.0%
4 1510
-33.3%
5+ 21
-50.0%

Summary: The West Chester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Chester, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in West Chester in November 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for West Chester, OH

We’re sorry, we don't have information for this market at the moment

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

Report Updated 17 Days Ago

Newest Listings in West Chester, OH

Nearby Markets to West Chester, OH

What housing markets are near West Chester, OH?