$2,494 Closing Credit*
$210,000
1,526 SqFt
3 Beds
•1 Full Bath, 1 Partial
Timothy J Spain, Listing Office: Keller Williams Main Line
Is Chester, PA 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, Chester has remained a Seller's Market.
Key Takeaway
Chester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chester, PA
How much do homes in Chester, PA cost?
Median Sold Price
$126,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,949(+14.5%)
Key Takeaway
Homes in Chester have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Chester was $126,000 in October 2024, up 14.5% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $100K | $85.5K | -14.5% |
| 3 Bedrooms | $107K | $127.7K | +19.4% |
| 4 Bedrooms | $145.5K | $145K | -0.3% |
| 5+ Bedrooms | $126K | $182.5K | +44.8% |
Summary: 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 14.5%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 44.8%.
Median Sold Price Compared To Nearby Cities
| Chester | $110K | $126K | +14.5% |
| Chester Township | $125K | $135K | +8.0% |
| Upland | $172K | $185K | +7.6% |
Housing Supply in Chester, PA
How many homes are available in Chester, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 84 | 77 | -8.3% |
Summary: The Chester real estate market had 77 homes for sale in October 2024, a 8.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 54 | 48 | -11.1% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Chester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 14 | -50.0% |
Asking Price vs. Sold Price
10 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 Chester, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Chester in October 2024, down by 50.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 7% were sold at asking, and 21% were sold over asking.
Days on Market for Chester, PA
How long does it take to sell a home in Chester, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 32 Days | +33.1% |
Summary: Homes in Chester had an average of 32 days on market in Oct 2024, up by 33.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chester are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Chester; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
