Chester County Real Estate Market Trends for October 2014
You may be asking if now is a good time to be looking to buy a home before 2015. Experts predict home prices will continue to rise in 2015. Therefore, it is definitely a good time to be buying with prices continuing to climb. Here are some other considerations about house hunting during the holidays…
- Lower seasonal prices are likely before the anticipated increases in 2015. Many homes on the market during the holidays are being offered because the sellers are being transferred. January is a high workplace transfer month. Transferees are trying to sell their homes during the holidays because they feel they have to.
- Less competition among buyers is common because many are concentrating on holiday activities. If they don’t have to move for some reason they tend to wait until after the year-end holidays. That means fewer competing offers and less likelihood of bidding wars.
- Seller anxiety begins to set in during the holidays. That means potentially better deals can be had. Sellers who need to move get more willing to bargain during the holidays because there is less demand from buyers.
Take a look at the Chester County real estate sales for October, broken down by school district.
Downingtown School District
The number of homes selling in the Downingtown school district in Oct 2014 increased by 20% when compared to Oct 2013. The average selling price increased 8.6% to $387,862. The median selling price increased less than 1% while the average market time decreased by 22 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| Oct 2014 | 80 | $387,862 | $326,250 | 56 |
| Oct 2013 | 100 | $356,886 | $326,000 | 78 |
West Chester School District
The number of homes selling in the West Chester school district in Oct 2014 increased by 7.6% when compared to Oct 2013. The average selling price decreased 6.1% to $367,679. The median selling price decreased 2.1% while the average market time decreased by 6 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| Oct 2014 | 113 | $367,679 | $342,500 | 52 |
| Oct 2013 | 105 | $391,793 | $350,000 | 66 |
Coatesville School District
The number of homes selling in the Coatesville school district in Oct 2014 increased by 1.7% when compared to Oct 2013. The average selling price increased 1.6% to $215,624. The median selling price increased 2.3% while the average market time increased by 30 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| Oct 2014 | 68 | $215,624 | $212,500 | 106 |
| Oct 2013 | 58 | $184,794 | $171,500 | 76 |
Great Valley School District
The number of homes selling in the Great Valley school district in Oct 2014 decreased by 28% when compared to Oct 2013. The average selling price increased 4.5% to $469,749. The median selling price increased 11.1% while the average market time decreased by 4 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| Oct 2014 | 25 | $469,749 | $440,000 | 61 |
| Oct 2013 | 35 | $449,204 | $435,000 | 65 |
Unionville School District
The number of homes selling in the Unionville school district in Oct 2014 decreased by 7.6% when compared to Oct 2013. The average selling price decreased 24% to $481,851. The median selling price decreased 29.3% while the average market time decreased by 3 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| Oct 2014 | 24 | $481,851 | $415,450 | 79 |
| Oct 2013 | 26 | $641,554 | $588,250 | 81 |
Tredyffrin-Easttown School District
The number of homes selling in the Tredyffrin-Easttown school district in Oct 2014 increased by 18% when compared to Oct 2013. The average selling price decreased 3.4% to $549,439. The median selling price decreased 1.8% while the average market time decreased by 14 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| Oct 2014 | 52 | $549,439 | $432,500 | 63 |
| Oct 2013 | 44 | $568,789 | $532,450 | 77 |
Owen J Roberts School District
The number of homes selling in the Owen J Roberts school district in Oct 2014 increased by 35.7% when compared to Oct 2013. The average selling price increased 19.8% to $366,364. The median selling price increased 4.0% while the average market time increased by 1 day.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| Oct 2014 | 38 | $366,364 | $323,750 | 77 |
| Oct 2013 | 28 | $305,773 | $311,112 | 76 |
Phoenixville School District
The number of homes selling in the Phoenixville school district in Oct 2014 increased by 34.2% when compared to Oct 2013. The average selling price decreased 3.7% to $242,828. The median selling price increased 3.1% while the average market time increased by 5 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| Oct 2014 | 47 | $243,828 | $227,000 | 60 |
| Oct 2013 | 35 | $253,338 | $220,000 | 55 |
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