$1,247 Closing Credit*
$105,000
1,392 SqFt
3 Beds
•2 Full Baths
Kyle Raport, Listing Office: Tesla Realty Group, LLC
Is Chester County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chester County has remained a Seller's Market.
Key Takeaway
Chester County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chester County, PA
How much do homes in Chester County, PA cost?
Median Sold Price
$518,806
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,847(+4.6%)
Key Takeaway
Homes in Chester County have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Chester County was $518,806 in November 2024, up 4.6% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226K | $230K | +1.8% |
| 2 Bedrooms | $336K | $357.4K | +6.4% |
| 3 Bedrooms | $423.7K | $450K | +6.2% |
| 4 Bedrooms | $610.6K | $649.9K | +6.4% |
| 5+ Bedrooms | $885.7K | $882.6K | -0.3% |
Summary: Chester County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Counties
| Delaware County | $325.8K | $350K | +7.4% |
| New Castle County | $336.1K | $359.6K | +7.0% |
| Lancaster County | $316.8K | $335.1K | +5.8% |
| Montgomery County | $420K | $443.8K | +5.7% |
| Chester County | $495.9K | $518.8K | +4.6% |
Housing Supply in Chester County, PA
How many homes are available in Chester County, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,425 | 1,303 | -8.6% |
Summary: The Chester County real estate market had 1,303 homes for sale in November 2024, a 8.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 141 | 130 | -7.8% |
| 3 Bedrooms | 556 | 513 | -7.7% |
| 4 Bedrooms | 558 | 499 | -10.6% |
| 5+ Bedrooms | 162 | 153 | -5.6% |
Summary: The Chester County 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 decreased by 7.8%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 406 | 380 | -6.4% |
Asking Price vs. Sold Price
131 Homes Were Sold
Under Asking
85 Homes Were Sold
At Asking
164 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester County, you could pay more than the asking price. 43.2% of homes here sold above asking price last month.
Summary: A total of 380 homes were sold or pending in Chester County in November 2024, down by 6.4% month-over-month. Of the 380 sold homes, 34% were sold under asking, 22% were sold at asking, and 43% were sold over asking.
Days on Market for Chester County, PA
How long does it take to sell a home in Chester County, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 22 Days | +34.3% |
Summary: Homes in Chester County had an average of 22 days on market in Nov 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
291 Homes Were Sold
Under 30 Days
68 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chester County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 380 homes were sold in Chester County; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
