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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Goshen Township is a seller's market

Buyer's
Market

Difference Since January 2023

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

Key Takeaway

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

Housing Prices in West Goshen Township, PA

How much do homes in West Goshen Township, PA cost?

Median Sold Price

$587,250

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$33,500(+6.0%)

Key Takeaway

Homes in West Goshen Township have sold for 6% more than they did a year ago.

Summary: The median home sold price in West Goshen Township was $587,250 in January 2024, up 6% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 $533K$527.5K
-1.0%
3 $457K$490K
+7.2%
4 $610K$625K
+2.5%
5+ $956.5K$910K
-4.9%

Summary: West Goshen Township housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 4.9%.

Median Sold Price Compared To Nearby Cities

West Chester
+12.5%
Westtown Township
+10.4%
West Whiteland Township
+9.5%
East Goshen Township
+8.3%
West Goshen Township
+6.0%

Housing Supply in West Goshen Township, PA

How many homes are available in West Goshen Township, PA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
4440-9.1%

Summary: The West Goshen Township real estate market had 40 homes for sale in January 2024, a 9.1% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1916
-15.8%
4 1918
-5.3%
5+ 55
0.0%

Summary: The West Goshen Township housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
11110.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Goshen Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in West Goshen Township in January 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% 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

Jan 2023Jan 2024CHANGE
10 Days17 Days+66.1%

Summary: Homes in West Goshen Township had an average of 17 days on market in Jan 2024, up by 66.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 11 homes were sold in West Goshen Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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 26 Days Ago

Newest Listings in West Goshen Township, PA

Nearby Markets to West Goshen Township, PA

What housing markets are near West Goshen Township, PA?