Is Chester Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chester Township has remained a Seller's Market.
Housing Prices in Chester Township, PA
How much do homes in Chester Township, PA cost?
Median Sold Price
$125,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chester Township was $125,000 in April 2024, down 13.5% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | - | N/A |
2 Bedrooms | $100K | $98K | -2.0% |
3 Bedrooms | $144K | $125K | -13.2% |
4 Bedrooms | $149.9K | $143K | -4.7% |
5+ Bedrooms | $200K | $180K | -10.0% |
Summary: Chester Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
Chester | $105K | $115K | +9.5% |
Upland | $172K | $185K | +7.6% |
Brookhaven | $249.9K | $269K | +7.6% |
Aston Township | $337.5K | $334.9K | -0.8% |
Chester Township | $144.5K | $125K | -13.5% |
Housing Supply in Chester Township, PA
How many homes are available in Chester Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 95 | +4.4% |
Summary: The Chester Township real estate market had 95 homes for sale in April 2024, a 4.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 67 | 70 | +4.5% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Chester Township 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 10%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 18 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Chester Township in April 2024, down by 25.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 11% were sold at asking, and 39% were sold over asking.
Days on Market for Chester Township, PA
How long does it take to sell a home in Chester Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 23 Days | -43.7% |
Summary: Homes in Chester Township had an average of 23 days on market in Apr 2024, down by 43.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Chester Township; 83% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.