WEST CHESTER HOUSING MARKET DATA

There was an increase in total units sold in March, with 80 sold this month in West Chester Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 5 units or 4%. The total number of active inventory this March was 124 compared to 119 in March 2024. This month's total of 124 is higher than the previous month's total supply of available inventory of 123, an increase of 1%.

Last March, the median sale price for West Chester Homes was $548,000. This March, the median sale price was $676,000, an increase of 23% or $128,000 compared to last year. The current median sold price is 16% higher than in February.

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

In March, there was 1.6 months of supply available in West Chester, compared to 1.7 in March 2024. That is a decrease of 10% 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 129 homes newly listed for sale in West Chester compared to 108 in March 2024, an increase of 19%. There were 115 current contracts pending sale this March compared to 85 a year ago. The number of current contracts is 35% higher than last March.

In March, the average sale price in West Chester was 101.3% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 19, higher than the average last year, which was 16, an increase of 19%.





FOCUS ON: WEST CHESTER HOUSING MARKET			MARCH 2025

Zip Code(s): 19382, 19380 and 19395
Units Sold 80	Active Inventory 124	Median Sale Price $676,000	Days On Market 19

Up 16% Vs. Year Ago	Up 4% Vs. Year Ago	Up 23% Vs. Year Ago	Up 19% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 80 sold this month in West Chester Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 5 units or 4%. The total number of active inventory this March was 124 compared to 119 in March 2024. This month's total of 124 is higher than the previous month's total supply of available inventory of 123, an increase of 1%.
		Median Sale Price Last March, the median sale price for West Chester Homes was $548,000. This March, the median sale price was $676,000, an increase of 23% or $128,000 compared to last year. The current median sold price is 16% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 129	Current Contracts 115	Sold Vs. List Price 101.3%	Months of Supply 1.6

Up 19% Vs. Year Ago	Up 35% Vs. Year Ago	Down -0.6% Vs. Year Ago	Down -10% Vs. Year Ago


		Months of Supply In March, there was 1.6 months of supply available in West Chester, compared to 1.7 in March 2024. That is a decrease of 10% 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 129 homes newly listed for sale in West Chester compared to 108 in March 2024, an increase of 19%. There were 115 current contracts pending sale this March compared to 85 a year ago. The number of current contracts is 35% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in West Chester was 101.3% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 19, higher than the average last year, which was 16, an increase of 19%.


	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.