Is Chester County, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chester County is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Chester County was a Seller's Market.

Key Takeaway

Chester County 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 Chester County, SC

How much do homes in Chester County, SC cost?

Median Sold Price

$221,500

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,500(+5.5%)

Key Takeaway

Homes in Chester County have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Chester County was $221,500 in April 2024, up 5.5% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $76K$32.4K
-57.3%
2 $133.7K$150K
+12.1%
3 $217K$226.5K
+4.4%
4 $280K$275K
-1.8%
5+ $355K$289K
-18.6%

Summary: Chester County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.3%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 18.6%.

Median Sold Price Compared To Nearby Counties

Union County
+6.5%
Chester County
+5.5%
York County
+2.1%
Lancaster County
0%
Fairfield County
-24.3%

Housing Supply in Chester County, SC

How many homes are available in Chester County, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
105127+21.0%

Summary: The Chester County real estate market had 127 homes for sale in April 2024, a 21.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 2227
+22.7%
3 6683
+25.8%
4 1211
-8.3%
5+ 34
+33.3%

Summary: The Chester County 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 22.7%, 3 bedroom homes increased by 25.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1619+18.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chester County, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Chester County in April 2024, up by 18.8% month-over-month. Of the 19 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% were sold over asking.

Days on Market for Chester County, SC

How long does it take to sell a home in Chester County, SC?

Average Sale Time

Apr 2023Apr 2024CHANGE
71 Days44 Days-37.5%

Summary: Homes in Chester County had an average of 44 days on market in Apr 2024, down by 37.5% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chester County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 19 homes were sold in Chester County; 47% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 16% 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 3 Days Ago

Newest Listings in Chester County, SC

Nearby Markets to Chester County, SC

What housing markets are near Chester County, SC?