Is West Chester, OH 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 Chester has remained a Seller's Market.
Housing Prices in West Chester, OH
How much do homes in West Chester, OH cost?
Median Sold Price
$394,000
$190/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in West Chester was $394,000 in April 2024, up 15.5% from last month, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $219.5K | $205K | -6.6% |
3 Bedrooms | $438.7K | $351K | -20.0% |
4 Bedrooms | $335K | $440K | +31.3% |
5+ Bedrooms | $453K | $472.5K | +4.3% |
Summary: West Chester housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Deerfield Township | $357.4K | $445.7K | +24.7% |
West Chester | $341.2K | $394K | +15.5% |
West Chester Township | $361.2K | $394K | +9.1% |
Housing Supply in West Chester, OH
How many homes are available in West Chester, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 38 | +35.7% |
Summary: The West Chester real estate market had 38 homes for sale in April 2024, a 35.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The West Chester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in West Chester in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% were sold over asking.
Days on Market for West Chester, OH
How long does it take to sell a home in West Chester, OH?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 36 Days | -38.8% |
Summary: Homes in West Chester had an average of 36 days on market in Apr 2024, down by 38.8% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in West Chester; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.