West Chester Borough Market Update: May Holds Strong
A Market That Continues to Hold Its Ground
After April’s dramatic jump in home sales, the West Chester Borough market remained steady in May, proving that buyer demand continues to be strong despite limited inventory.
In May, 13 homes sold, down just one sale from April’s 14. While activity was similar, home values continued to impress. The median home sale price came in at $670,115, compared to April’s $650,714. Of the homes that sold, 6 sold above asking price, 4 sold below asking, and 3 sold right at asking.
Not All Sales Tell the Same Story
May showcased two very different sides of the market. A home on S. Wayne spent 154 days on the market before selling for $207,500 below its asking price. Meanwhile, another property attracted immediate buyer interest, going under contract in just one day and ultimately selling for $100,100 above asking. These contrasting sales demonstrate how pricing, presentation, and location can significantly impact results.
Inventory Remains Tight
The supply of available homes continues to be one of the biggest factors influencing the market. There were 13 new listings in May, and 12 of those homes went under contract. With inventory levels remaining low, buyers are still facing limited options, helping to support home values throughout the Borough.
What May Means for June
One of the most interesting trends from May wasn't the number of homes listed—it was the value of those homes.
Although May saw one fewer listing than April, the total list volume was more than $2 million higher. In other words, higher-priced properties entered the market, which could have a meaningful impact on June's sales numbers if those homes close as expected.
The Bottom Line
As we head into summer, the West Chester Borough market continues to show resilience. Buyer demand remains strong, inventory remains limited, and home values are holding firm.
While sales volume may fluctuate slightly from month to month, the overall market fundamentals remain healthy. If current trends continue, June could bring another strong month—especially if the higher-value homes that entered the market in May successfully make it to the closing table.
