October West Chester Borough Real Estate Market

October brought 11 home sales in the West Chester Borough, which is the first time that we have seen over 10 sales since May. 

Of the 11 homes that sold, 6 sold for over asking price and 5 sold for under asking.  

The 6 that sold over sold for an average of $34,000 over asking price.  and 5 sold for under asking price for an average of just over $16,000. There was one outlier that sold under asking for $140,000 and sat on the market for 50 days. It was an investment property that had two units that could be converted back to a single family or kept as an investment, but needed a lot of work either way, hence the price drop.

October’s sales also brought the avg.home sale price in the borough back to the mid-500s, at $565,201, which is the lowest avg, home sale price we have seen since April.

As always, if you have any questions, don’t hesitate to text me directly at 484-888-6772!

-Cassie Shankweiler