Is West Grove, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, West Grove has remained a Neutral Market.
Key Takeaway
West Grove 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 Grove, PA
How much do homes in West Grove, PA cost?
Median Sold Price
$482,450
$174/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in West Grove have sold for 20.9% less than they did a month ago.
Summary: The median home sold price in West Grove was $482,450 in March 2024, down 20.9% from last month, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $370.7K | $306.2K | -17.4% |
| 3 Bedrooms | $918.8K | $482.4K | -47.5% |
| 4 Bedrooms | $620K | $1.2M | +109.6% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: West Grove housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.4%, 3 bedroom homes decreased by 47.5%, 4 bedroom homes increased by 109.6%, and 5+ bedroom homes did not change.
Housing Supply in West Grove, PA
How many homes are available in West Grove, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 52 | +23.8% |
Summary: The West Grove real estate market had 52 homes for sale in March 2024, a 23.8% 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 15 | 20 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The West Grove 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 28.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Grove, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in West Grove in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for West Grove, PA
How long does it take to sell a home in West Grove, PA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 34 Days | +33.4% |
Summary: Homes in West Grove had an average of 34 days on market in Mar 2024, up by 33.4% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Grove are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in West Grove; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
