November West Chester Borough Real Estate Market Report
$816,250 - that was the average home sale price in the West Chester Borough for November, the highest we have seen all year by over $200,000.
For comparison, the average home sale price in the borough was only $565,201 in October. Although the average home price was very high in November, only 3 of the 8 sold homes exceeded the asking price. Another 3 sold for below asking and 2 sold at list price.
The 3 homes that sold above asking went for an average of $30,000 above asking while the 3 that sold below asking sold for an average of $50,000 below with an outlier that sold for $160,000 below asking price.
I think that December will bring fewer closed home sales as there were fewer listings in November, mortgage rates remained high, and the general holiday slowdown.
Are you thinking of selling your home in the new year? Reach out to me today to learn how much your home is worth and I’ll also send you my home seller’s guide with everything you need to know if you’re thinking of listing your house.
Interested in moving to the borough? As a borough resident, I see all the homes that come to the market and also spot new potential listings.
