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.
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
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
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
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.