WEST CHESTER HOUSING MARKET DATA

There was an increase in total units sold in April, with 94 sold this month in West Chester Real Estate versus 82 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 5% versus April 2024.

Versus last year, the total number of homes available this month is higher by 30 units or 25%. The total number of active inventory this April was 151 compared to 121 in April 2024. This month's total of 151 is higher than the previous month's total supply of available inventory of 139, an increase of 9%.

Last April, the median sale price for West Chester Homes was $627,500. This April, the median sale price was $697,500, an increase of 11% or $70,000 compared to last year. The current median sold price is 6% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In April, there was 1.6 months of supply available in West Chester, compared to 1.2 in April 2024. That is an increase of 31% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 143 homes newly listed for sale in West Chester compared to 155 in April 2024, a decrease of 8%. There were 105 current contracts pending sale this April compared to 118 a year ago. The number of current contracts is 11% lower than last April.

In April, the average sale price in West Chester was 101.8% of the average list price, which is 1.8% lower than at this time last year.

This month, the average number of days on market was 20, higher than the average last year, which was 15, an increase of 33%.





FOCUS ON: WEST CHESTER HOUSING MARKET			APRIL 2025

Zip Code(s): 19382, 19380 and 19395
Units Sold 94	Active Inventory 151	Median Sale Price $697,500	Days On Market 20

Down -5% Vs. Year Ago	Up 25% Vs. Year Ago	Up 11% Vs. Year Ago	Up 33% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 94 sold this month in West Chester Real Estate versus 82 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 5% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 30 units or 25%. The total number of active inventory this April was 151 compared to 121 in April 2024. This month's total of 151 is higher than the previous month's total supply of available inventory of 139, an increase of 9%.
		Median Sale Price Last April, the median sale price for West Chester Homes was $627,500. This April, the median sale price was $697,500, an increase of 11% or $70,000 compared to last year. The current median sold price is 6% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 143	Current Contracts 105	Sold Vs. List Price 101.8%	Months of Supply 1.6

Down -8% Vs. Year Ago	Down -11% Vs. Year Ago	Down -1.8% Vs. Year Ago	Up 32% Vs. Year Ago


		Months of Supply In April, there was 1.6 months of supply available in West Chester, compared to 1.2 in April 2024. That is an increase of 31% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 143 homes newly listed for sale in West Chester compared to 155 in April 2024, a decrease of 8%. There were 105 current contracts pending sale this April compared to 118 a year ago. The number of current contracts is 11% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in West Chester was 101.8% of the average list price, which is 1.8% lower than at this time last year. Days on Market This month, the average number of days on market was 20, higher than the average last year, which was 15, an increase of 33%.


	West Chester are defined as properties listed in zip code/s 19382, 19380 and 19395.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.