WEST CHESTER HOUSING MARKET DATA

There was an increase in total units sold in May, with 107 sold this month in West Chester Real Estate versus 100 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 7% versus May 2024.

Versus last year, the total number of homes available this month is higher by 13 units or 10%. The total number of active inventory this May was 143 compared to 130 in May 2024. This month's total of 143 is lower than the previous month's total supply of available inventory of 171, a decrease of 16%.

Last May, the median sale price for West Chester Homes was $595,000. This May, the median sale price was $650,000, an increase of 9% or $55,000 compared to last year. The current median sold price is 7% lower than in April.

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

In May, there was 1.3 months of supply available in West Chester. The amount of supply is similar compared to 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 132 homes newly listed for sale in West Chester compared to 149 in May 2024, a decrease of 11%. There were 131 current contracts pending sale this May compared to 114 a year ago. The number of current contracts is 15% higher than last May.

In May, the average sale price in West Chester was 102.6% of the average list price, which is 1.5% lower than at this time last year.

This month, the average number of days on market was 14, higher than the average last year, which was 11, an increase of 27%.





FOCUS ON: WEST CHESTER HOUSING MARKET			MAY 2025

Zip Code(s): 19382, 19380 and 19395
Units Sold 107	Active Inventory 143	Median Sale Price $650,000	Days On Market 14

Up 7% Vs. Year Ago	Up 10% Vs. Year Ago	Up 9% Vs. Year Ago	Up 27% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 107 sold this month in West Chester Real Estate versus 100 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 7% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 13 units or 10%. The total number of active inventory this May was 143 compared to 130 in May 2024. This month's total of 143 is lower than the previous month's total supply of available inventory of 171, a decrease of 16%.
		Median Sale Price Last May, the median sale price for West Chester Homes was $595,000. This May, the median sale price was $650,000, an increase of 9% or $55,000 compared to last year. The current median sold price is 7% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 132	Current Contracts 131	Sold Vs. List Price 102.6%	Months of Supply 1.3

Down -11% Vs. Year Ago	Up 15% Vs. Year Ago	Down -1.4% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 1.3 months of supply available in West Chester. The amount of supply is similar compared to 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 132 homes newly listed for sale in West Chester compared to 149 in May 2024, a decrease of 11%. There were 131 current contracts pending sale this May compared to 114 a year ago. The number of current contracts is 15% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in West Chester was 102.6% of the average list price, which is 1.5% lower than at this time last year. Days on Market This month, the average number of days on market was 14, higher than the average last year, which was 11, an increase of 27%.


	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.