Is West Pikeland Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, West Pikeland Township was a Seller's Market.
Key Takeaway
West Pikeland Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Pikeland Township, PA
How much do homes in West Pikeland Township, PA cost?
Median Sold Price
$760,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Pikeland Township have sold for 5% less than they did a year ago.
Summary: The median home sold price in West Pikeland Township was $760,000 in May 2024, down 5% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $425K | $458.5K | +7.9% |
| 4 Bedrooms | $730K | $800K | +9.6% |
| 5+ Bedrooms | $1.1M | $1.0M | -10.4% |
Summary: West Pikeland Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Charlestown Township | $750K | $855K | +14.0% |
| Exton | $530.5K | $565K | +6.5% |
| West Vincent Township | $710K | $730K | +2.8% |
| Chester Springs | $667.5K | $670K | 0.4% |
| West Pikeland Township | $800K | $760K | -5.0% |
Housing Supply in West Pikeland Township, PA
How many homes are available in West Pikeland Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Summary: The West Pikeland Township real estate market had 14 homes for sale in May 2024, a 75.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The West Pikeland 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Pikeland Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in West Pikeland Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for West Pikeland Township, PA
How long does it take to sell a home in West Pikeland Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 4 Days | -89.4% |
Summary: Homes in West Pikeland Township had an average of 4 days on market in May 2024, down by 89.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Pikeland Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in West Pikeland Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
