Is Chester Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chester Township was $125,000 in March 2024, down 18.8% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | - | N/A |
2 Bedrooms | - | $99K | N/A |
3 Bedrooms | $140K | $125K | -10.7% |
4 Bedrooms | $179.9K | $140K | -22.2% |
5+ Bedrooms | $230K | $180K | -21.7% |
Summary: Chester Township housing prices by bedroom type for March 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 decreased by 10.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 21.7%.
Median Sold Price Compared To Nearby Cities
Chester | $95K | $115.5K | +21.6% |
Brookhaven | $249.9K | $270K | +8.0% |
Aston Township | $330K | $335K | +1.5% |
Chester Township | $153.9K | $125K | -18.8% |
Housing Supply in Chester Township, PA
How many homes are available in Chester Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
167 | 169 | +1.2% |
Summary: The Chester Township real estate market had 169 homes for sale in March 2024, a 1.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 19 | 19 | 0.0% |
3 Bedrooms | 115 | 118 | +2.6% |
4 Bedrooms | 30 | 27 | -10.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Chester Township housing inventory by bedroom type for March 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 2.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Chester Township in March 2024, up by 17.6% month-over-month. Of the 20 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 14 Days | -66.5% |
Summary: Homes in Chester Township had an average of 14 days on market in Mar 2024, down by 66.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Chester Township; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.