Is West Chester, PA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing West Chester is a seller's market


Difference Since November 2022

Since last year, West Chester has remained a Seller's Market.

Key Takeaway

West Chester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Chester, PA

How much do homes in West Chester, PA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in West Chester have sold for 16.8% more than they did a year ago.

Summary: The median home sold price in West Chester was $563,400 in November 2023, up 16.8% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $235K$229K
2 $343K$350K
3 $452K$511.6K
4 $594.5K$700K
5+ $923K$970K

Summary: West Chester housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Cities

West Chester
West Goshen Township

Housing Supply in West Chester, PA

How many homes are available in West Chester, PA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The West Chester real estate market had 310 homes for sale in November 2023, a 4.9% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 66
2 3935
3 102100
4 131125
5+ 4844

Summary: The West Chester housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

38 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Chester, you could pay more than the asking price. 48.7% of homes here sold above asking price last month.

Summary: A total of 78 homes were sold or pending in West Chester in November 2023, down by 1.3% month-over-month. Of the 78 sold homes, 36% were sold under asking, 15% were sold at asking, and 49% were sold over asking.

Days on Market for West Chester, PA

How long does it take to sell a home in West Chester, PA?

Average Sale Time

Nov 2022Nov 2023CHANGE
14 Days18 Days+21.4%

Summary: Homes in West Chester had an average of 18 days on market in Nov 2023, up by 21.4% compared to last year.

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 78 homes were sold in West Chester; 86% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% 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 7 Days Ago

Newest Listings in West Chester, PA

Nearby Markets to West Chester, PA

What housing markets are near West Chester, PA?