Is West Vincent Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Vincent Township has remained a Seller's Market.
Housing Prices in West Vincent Township, PA
How much do homes in West Vincent Township, PA cost?
Median Sold Price
$730,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Vincent Township was $730,000 in May 2024, up 2.8% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $622.5K | $565K | -9.2% |
4 Bedrooms | $885K | $875K | -1.1% |
5+ Bedrooms | $1.0M | $1.2M | +12.4% |
Summary: West Vincent Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
West Vincent Township | $710K | $730K | +2.8% |
Chester Springs | $667.5K | $670K | 0.4% |
East Vincent Township | $520K | $502K | -3.5% |
West Pikeland Township | $800K | $760K | -5.0% |
Housing Supply in West Vincent Township, PA
How many homes are available in West Vincent Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 28 | +27.3% |
Summary: The West Vincent Township real estate market had 28 homes for sale in May 2024, a 27.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The West Vincent Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in West Vincent Township in May 2024, up by 250.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for West Vincent Township, PA
How long does it take to sell a home in West Vincent Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
193 Days | 7 Days | -95.9% |
Summary: Homes in West Vincent Township had an average of 7 days on market in May 2024, down by 95.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in West Vincent Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.