$2,280 Closing Credit*
$192,000
1,560 SqFt
5 Beds
•1 Full Bath, 1 Partial
Angela Harrison, Listing Office: EXP Realty, LLC
Is Chester, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$149,500
$119/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$60,500(+68.0%)
Key Takeaway
Homes in Chester have sold for 68% more than they did a month ago.
Summary: The median home sold price in Chester was $149,500 in November 2024, up 68% from last month, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $77K | $115K | +49.4% |
| 3 Bedrooms | $85K | $145K | +70.6% |
| 4 Bedrooms | $160.5K | $190K | +18.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Chester housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.4%, 3 bedroom homes increased by 70.6%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes did not change.
Housing Supply in Chester, PA
How many homes are available in Chester, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 83 | +18.6% |
Summary: The Chester real estate market had 83 homes for sale in November 2024, a 18.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 45 | 56 | +24.4% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 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 50%, 3 bedroom homes increased by 24.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Chester in November 2024, up by 12.5% month-over-month. Of the 18 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 42 Days | +36.1% |
Summary: Homes in Chester had an average of 42 days on market in Nov 2024, up by 36.1% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 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 November 2024, 18 homes were sold in Chester; 50% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
