Is West Vincent Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Vincent Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, West Vincent Township has remained a Seller's Market.

Key Takeaway

West Vincent Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Vincent Township, PA

How much do homes in West Vincent Township, PA cost?

Median Sold Price

$800,000

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$90,000(+12.7%)

Key Takeaway

Homes in West Vincent Township have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in West Vincent Township was $800,000 in November 2024, up 12.7% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$447.5K
N/A
3 $569K$627.5K
+10.3%
4 $875K$910K
+4.0%
5+ $1.0M$1.2M
+15.7%

Summary: West Vincent Township housing prices by bedroom type for November 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 increased by 10.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 15.7%.

Median Sold Price Compared To Nearby Cities

West Vincent Township
+12.7%
Chester Springs
+8.3%
East Vincent Township
+2.6%

Housing Supply in West Vincent Township, PA

How many homes are available in West Vincent Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2322-4.3%

Summary: The West Vincent Township real estate market had 22 homes for sale in November 2024, a 4.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 1415
+7.1%
5+ 65
-16.7%

Summary: The West Vincent Township 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
511+120.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Vincent Township, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in West Vincent Township in November 2024, up by 120.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 45% were sold at asking, and 36% 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

Nov 2023Nov 2024CHANGE
51 Days16 Days-67.9%

Summary: Homes in West Vincent Township had an average of 16 days on market in Nov 2024, down by 67.9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Vincent Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in West Vincent Township; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in West Vincent Township, PA

Nearby Markets to West Vincent Township, PA

What housing markets are near West Vincent Township, PA?