Is West Chester Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, West Chester Township has remained a Seller's Market.
Key Takeaway
West Chester Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Chester Township, OH
How much do homes in West Chester Township, OH cost?
Median Sold Price
$360,000
$181/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in West Chester Township have sold for 8.9% less than they did a month ago.
Summary: The median home sold price in West Chester Township was $360,000 in May 2024, down 8.9% from last month, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135K | $245.5K | +81.9% |
| 3 Bedrooms | $333K | $290K | -12.9% |
| 4 Bedrooms | $450K | $495K | +10.0% |
| 5+ Bedrooms | $472.5K | $541K | +14.5% |
Summary: West Chester Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 81.9%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Sharonville | $237.5K | $395K | +66.3% |
| Deerfield Township | $386.5K | $466K | +20.6% |
| West Chester Township | $395K | $360K | -8.9% |
| West Chester | $395K | $360K | -8.9% |
Housing Supply in West Chester Township, OH
How many homes are available in West Chester Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 42 | +35.5% |
Summary: The West Chester Township real estate market had 42 homes for sale in May 2024, a 35.5% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 11 | 16 | +45.5% |
| 4 Bedrooms | 8 | 14 | +75.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The West Chester Township 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 increased by 50%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Chester Township, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in West Chester Township in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 38% were sold under asking, 0% were sold at asking, and 62% were sold over asking.
Days on Market for West Chester Township, OH
How long does it take to sell a home in West Chester Township, OH?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 33 Days | -3.6% |
Summary: Homes in West Chester Township had an average of 33 days on market in May 2024, down by 3.6% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Chester Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in West Chester Township; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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