Is West Grove, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, West Grove was a Seller's 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
$439,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Grove have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in West Grove was $439,500 in May 2024, up 7.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | - | N/A |
| 2 Bedrooms | $351K | $375K | +6.8% |
| 3 Bedrooms | $399.9K | $399.5K | -0.1% |
| 4 Bedrooms | $519.7K | $542.5K | +4.4% |
| 5+ Bedrooms | - | $550K | N/A |
Summary: West Grove housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| London Grove Township | $463K | $549.7K | +18.7% |
| West Grove | $410K | $439.5K | +7.2% |
Housing Supply in West Grove, PA
How many homes are available in West Grove, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Summary: The West Grove real estate market had 38 homes for sale in May 2024, a 2.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The West Grove housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Grove, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in West Grove in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 10 Days | -60.0% |
Summary: Homes in West Grove had an average of 10 days on market in May 2024, down by 60% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 May 2024, 6 homes were sold in West Grove; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
