Is Chester, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Chester has remained a Buyer's Market.
Housing Prices in Chester, PA
How much do homes in Chester, PA cost?
Median Sold Price
$115,000
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Chester was $115,000 in February 2024, up 15% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | - | N/A |
2 Bedrooms | $75K | $94K | +25.3% |
3 Bedrooms | $99.9K | $115K | +15.0% |
4 Bedrooms | $168.4K | $132.5K | -21.4% |
5+ Bedrooms | $135K | $182.5K | +35.2% |
Summary: Chester housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 35.2%.
Median Sold Price Compared To Nearby Cities
Chester | $100K | $115K | +15.0% |
Upland | $172K | $187K | +8.7% |
Chester Township | $170K | $125K | -26.5% |
Housing Supply in Chester, PA
How many homes are available in Chester, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
144 | 164 | +13.9% |
Summary: The Chester real estate market had 164 homes for sale in February 2024, a 13.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 15 | 19 | +26.7% |
3 Bedrooms | 97 | 110 | +13.4% |
4 Bedrooms | 28 | 31 | +10.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chester housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Chester in February 2024, the same as the previous month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Chester, PA
How long does it take to sell a home in Chester, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
51 Days | 34 Days | -32.9% |
Summary: Homes in Chester had an average of 34 days on market in Feb 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in Chester; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.