Is Chester Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chester Township was a Seller's Market.
Housing Prices in Chester Township, PA
How much do homes in Chester Township, PA cost?
Median Sold Price
$125,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chester Township was $125,000 in May 2024, down 7.4% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | - | N/A |
2 Bedrooms | $100K | $98K | -2.0% |
3 Bedrooms | $128.9K | $127.7K | -0.9% |
4 Bedrooms | $144.9K | $153K | +5.5% |
5+ Bedrooms | $200K | $180K | -10.0% |
Summary: Chester 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 decreased by 2%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
Chester | $100K | $116.8K | +16.8% |
Upland | $172K | $185K | +7.6% |
Brookhaven | $249.9K | $263K | +5.2% |
Aston Township | $327.5K | $334.9K | +2.3% |
Chester Township | $135K | $125K | -7.4% |
Housing Supply in Chester Township, PA
How many homes are available in Chester Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
100 | 121 | +21.0% |
Summary: The Chester Township real estate market had 121 homes for sale in May 2024, a 21.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 75 | 90 | +20.0% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Chester 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 18.2%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 13 | -31.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Chester Township in May 2024, down by 31.6% month-over-month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for Chester Township, PA
How long does it take to sell a home in Chester Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 46 Days | +55.9% |
Summary: Homes in Chester Township had an average of 46 days on market in May 2024, up by 55.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Chester Township; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.