Is Chester County, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chester County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Chester County was a Seller's Market.

Key Takeaway

Chester County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Chester County, SC

How much do homes in Chester County, SC cost?

Median Sold Price

$225,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,000(+7.1%)

Key Takeaway

Homes in Chester County have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Chester County was $225,000 in October 2024, up 7.1% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $29.9K$25K
-16.4%
2 $129.5K$155K
+19.7%
3 $216.7K$236.9K
+9.3%
4 $272.5K$244.9K
-10.1%
5+ $279.5K$254K
-9.1%

Summary: Chester County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes decreased by 9.1%.

Median Sold Price Compared To Nearby Counties

Chester County
+7.1%
York County
+3.2%
Lancaster County
+1.4%
Union County
-4.2%

Housing Supply in Chester County, SC

How many homes are available in Chester County, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
130120-7.7%

Summary: The Chester County real estate market had 120 homes for sale in October 2024, a 7.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 2320
-13.0%
3 8272
-12.2%
4 1719
+11.8%
5+ 45
+25.0%

Summary: The Chester County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3118-41.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chester County, 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 County in October 2024, down by 41.9% month-over-month. Of the 18 sold homes, 61% were sold under asking, 39% were sold at asking, and 0% were sold over asking.

Days on Market for Chester County, SC

How long does it take to sell a home in Chester County, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days64 Days+63.1%

Summary: Homes in Chester County had an average of 64 days on market in Oct 2024, up by 63.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chester County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in Chester County; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in Chester County, SC

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