Is West Goshen 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, West Goshen Township was a Seller's Market.
Housing Prices in West Goshen Township, PA
How much do homes in West Goshen Township, PA cost?
Median Sold Price
$591,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Goshen Township was $591,000 in May 2024, up 5.6% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $547.5K | $387K | -29.3% |
3 Bedrooms | $458.5K | $490K | +6.9% |
4 Bedrooms | $601K | $679.5K | +13.1% |
5+ Bedrooms | $1.0M | $835.5K | -16.8% |
Summary: West Goshen 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 29.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Cities
West Whiteland Township | $454K | $492.5K | +8.5% |
West Chester | $525K | $560K | +6.7% |
West Goshen Township | $559.9K | $591K | +5.6% |
Westtown Township | $600K | $630K | +5.0% |
East Goshen Township | $505K | $503K | -0.4% |
Housing Supply in West Goshen Township, PA
How many homes are available in West Goshen Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 64 | +56.1% |
Summary: The West Goshen Township real estate market had 64 homes for sale in May 2024, a 56.1% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 18 | +50.0% |
4 Bedrooms | 22 | 30 | +36.4% |
5+ Bedrooms | 6 | 15 | +150.0% |
Summary: The West Goshen 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in West Goshen Township in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 0% were sold under asking, 11% were sold at asking, and 89% were sold over asking.
Days on Market for West Goshen Township, PA
How long does it take to sell a home in West Goshen Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 6 Days | -68.2% |
Summary: Homes in West Goshen Township had an average of 6 days on market in May 2024, down by 68.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in West Goshen Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.