WEST CHESTER, PA — Chester County’s housing market accelerated in June, with the median home sale price climbing to $640,000 and closed sales jumping 21% from May, underscoring the county’s continued divergence from a national market where asking prices are falling and inventory is gradually rebalancing.
Local market data show the median sale price increased 12% from May and 6% from June 2025. Homes also sold for an average of 103% of their list price, reflecting continued competition among buyers despite mortgage rates remaining in the mid-6% range.
The county recorded 613 closed residential sales in June, up from 505 in May, while active inventory exceeded 800 listings as the summer selling season gained momentum. Even with more homes on the market, inventory remained constrained at approximately 1.3 months of supply, well below the level typically associated with a balanced market.
The combination of limited supply and sustained demand continues to favor sellers. Median time on market was 41 days countywide, although well-priced single-family homes in competitive communities, including West Chester Borough, often secured buyers in fewer than 20 days.
The local performance contrasts with national housing trends released by Realtor.com, which reported the eighth consecutive month of year-over-year asking price declines. The national median list price fell 2.5% from a year earlier to $430,000 in June, while pending sales increased 3.7%, extending a seven-month streak of annual gains.
“Eight straight months of falling prices and seven straight months of rising pending sales are not a contradiction,” Danielle Hale, chief economist at Realtor.com, said. “Sellers are reading market conditions and are pricing accordingly from the start rather than listing high and cutting later, and buyers are taking note and making bids.”
Nationally, active inventory rose 1.9% from a year earlier to more than 1.1 million listings, although supply remained 11.3% below typical pre-pandemic levels. Homes spent a median of 53 days on the market, matching June 2025 and ending a 26-month period during which homes consistently took longer to sell than the previous year.
Regional differences remain pronounced. Realtor.com reported home prices have continued rising across much of the Northeast and Midwest since their 2022 peak, while values have declined in many Western and Southern markets.
“The two Americas story in housing is now four years in the making,” Jake Krimmel, senior economist at Realtor.com, said. “In the West and South, prices gave ground back as affordability limits were tested. In the Midwest and Northeast, supply stayed tight enough and demand strong enough that prices kept climbing even through a historic rate shock.”
For Chester County, those Northeast dynamics continue to support higher home values. Strong household incomes, low unemployment and limited housing supply have helped insulate the market from the broader national cooling trend, even as elevated borrowing costs weigh on affordability.
Market conditions are expected to moderate during the second half of the summer as inventory gradually expands, though current supply levels indicate sellers are likely to retain the negotiating advantage absent a significant increase in available homes or a sharp decline in buyer demand.
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