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 March 2023
At the same time last year, West Goshen Township was a Seller's Market.
Key Takeaway
West Goshen Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Goshen Township, PA
How much do homes in West Goshen Township, PA cost?
Median Sold Price
$600,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Goshen Township have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in West Goshen Township was $600,000 in March 2024, up 9.1% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $545K | $530K | -2.8% |
| 3 Bedrooms | $461K | $475K | +3.0% |
| 4 Bedrooms | $591.7K | $660K | +11.5% |
| 5+ Bedrooms | $990K | $910K | -8.1% |
Summary: West Goshen 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 decreased by 2.8%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Cities
| West Chester | $507.5K | $564.2K | +11.2% |
| West Goshen Township | $550K | $600K | +9.1% |
| West Whiteland Township | $450K | $480K | +6.7% |
| East Goshen Township | $490K | $505K | +3.1% |
Housing Supply in West Goshen Township, PA
How many homes are available in West Goshen Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The West Goshen Township real estate market had 47 homes for sale in March 2024, a 17.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 18 | 23 | +27.8% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The West Goshen 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 14.3%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Goshen Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in West Goshen Township in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 4 Days | 9 Days | +134.5% |
Summary: Homes in West Goshen Township had an average of 9 days on market in Mar 2024, up by 134.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Goshen Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in West Goshen Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
