$7,719 Closing Credit*
$650,000
2,870 SqFt
4 Beds
•2 Full Baths, 1 Partial
Holly A Taylor, Listing Office: Realty One Group Restore - Collegeville
Is Chester County, 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 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
$516,105
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,854(+4.8%)
Key Takeaway
Homes in Chester County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Chester County was $516,105 in October 2024, up 4.8% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $235K | +4.4% |
| 2 Bedrooms | $331K | $358.2K | +8.2% |
| 3 Bedrooms | $421.5K | $447.7K | +6.2% |
| 4 Bedrooms | $606K | $649.9K | +7.2% |
| 5+ Bedrooms | $885K | $888K | 0.3% |
Summary: Chester County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Counties
| Delaware County | $327.5K | $349.9K | +6.9% |
| New Castle County | $335.3K | $357.6K | +6.6% |
| Lancaster County | $315.4K | $334.6K | +6.1% |
| Montgomery County | $418.5K | $439.5K | +5.0% |
| Chester County | $492.2K | $516.1K | +4.8% |
Housing Supply in Chester County, PA
How many homes are available in Chester County, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,424 | 1,440 | +1.1% |
Summary: The Chester County real estate market had 1,440 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 118 | 137 | +16.1% |
| 3 Bedrooms | 575 | 561 | -2.4% |
| 4 Bedrooms | 558 | 564 | +1.1% |
| 5+ Bedrooms | 165 | 169 | +2.4% |
Summary: The Chester County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 16.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 384 | 390 | +1.6% |
Asking Price vs. Sold Price
161 Homes Were Sold
Under Asking
73 Homes Were Sold
At Asking
156 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester County, you may be able to get a good deal. 41.3% of homes here sold below asking price last month.
Summary: A total of 390 homes were sold or pending in Chester County in October 2024, up by 1.6% month-over-month. Of the 390 sold homes, 41% were sold under asking, 19% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 27 Days | +46.6% |
Summary: Homes in Chester County had an average of 27 days on market in Oct 2024, up by 46.6% compared to last year.
Breakdown of Home Sale Times
305 Homes Were Sold
Under 30 Days
68 Homes Were Sold
In 30 - 90 Days
17 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 October 2024, 390 homes were sold in Chester County; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
