Housing Report 2019

New housing unit sales Chester County, 2004-2019

From 2018 to 2019 the number of home sales decreased by 10%, and the median sale price increased by 2.4%. Despite the decrease, 2019 had the second highest number of sales since 2008. New housing unit sales are presented from 2004, the year the Planning Commission began calculating data for new housing. Adjusting for inflation, median sale price increased by 0.1% from 2018 to 2019.

Year	Number of Sales	Percent Change	Median Sale Price	Percent Change	Median Sale Price Inflation Adjusted	Percent Change
2004	1,471	N/A	$317,100	N/A	$437,458	N/A
2005	1,363	-7.3%	$371,600	17.2%	$485,220	13.3%
2006	1,353	-0.7%	$399,100	7.4%	$508,218	4.7%
2007	1,151	-14.9%	$426,200	6.8%	$521,445	2.6%
2008	1,019	-11.5%	$372,800	-12.5%	$455,695	-12.6%
2009	668	-34.4%	$308,300	-17.3%	$366,869	-19.5%
2010	598	-10.5%	$350,100	13.6%	$410,471	11.9%
2011	533	-10.9%	$353,400	0.9%	$402,419	-2.0%
2012	593	11.3%	$365,000	3.3%	$408,515	1.5%
2013	716	20.7%	$376,000	3.0%	$414,600	1.5%
2014	613	-14.4%	$386,000	2.7%	$422,431	1.9%
2015	475	-22.5%	$347,450	-10.0%	$377,489	-10.6%
2016	451	-5.1%	$411,000	18.3%	$437,458	15.9%
2017	720	59.6%	$432,305	5.2%	$450,630	3.0%
2018	898	24.7%	$444,305	2.8%	$454,458	0.8%
2019	805	-10.4%	$454,936	2.4%	$454,936	0.1%

Total number of new housing unit sales by municipality, 2019

Of 73 municipalities in Chester County, 16% added more than 20 units, 11% added 10-20, 44% added 1-10, and 29% had no new units. East Whiteland had the highest number of new units, with 116 new units added in 2019. Western Cheter County had fewer new units built.

New Home Median Sales Prices by Municipality

For Chester County new home sales median prices, 1% were under $200,000, 21% were $200,000 to $299,999, 25% were $300,000 to $399,999 , and 53% were over $400,000. Many municipalities had median sales prices of over $600,000 for new homes (Charlestown, East Pikeland, Easttown, Malvern, Pennsbury, Thornbury, Tredyffrin, Uwchlan, and Westtown), which likely impacted the overall median new home sales price.

Number of new housing units sold in Chester County, 2004-2019

After a low of 451 new home sales in 2016, new home sales have increased. Although New housing unit sales dropped 10.4% from 2018 to 2019, 2019 new housing unit sales remain nearly double the low with 805 units sold.

Median sale prices of new housing units in Chester County, 2004-2019

New unit home sale median prices have been trending upwards since 2008. The median new unit sale price reached a high of $454,936 in 2019.

New housing unit sales by price range in Chester County, 2018 & 2019

Of the 805 new unit home sales in Chester County, 56% were sold between $250,000-$499,999. The number of new unit sales in the most affordable price range of less than $250,000 decreased from 34 units in 2018 to 13 in 2019, and made up only 2% of sales.

Price Range	2019 Number All Sales	2019 Percent All Sales	2018 Number All Sales	2018 Percent All Sales
Less than $250,000	13	2%	34	4%
$250,000 - $499,999	450	56%	504	56%
$500,000 - $749,999	273	34%	260	29%
$750,000 - $899,999	41	5%	71	8%
$900,000 - $1,499,999	25	3%	25	3%
$1,500,000 and over	3	0%	4	0%
Total	805	100.0%	898	100.0%

New housing unit sales by municipality, 2018 & 2019

Median sales price for municipalities with three or fewer sales of new homes in 2019 were omitted. East Pikeland, Upper Uwchlan, West Chester, and West Whiteland had the higest increases in the number of new housing sales. East Whiteland, West Vincent, and Westtown had the largest decreases in number of new home sales.

Easttown, Willistown, East Pikeland, and Oxford all had the highest increases in median sales price for new units. Upper Uwchlan, West Chester, and Westtown had the largest decreases in median sale price for new units.

Municipality	2019 New Units, Number of Sales	2019 New Units, Median Price	2018 New Units, Number of Sales	2018 New Units, Median Price	Change in Number of Units, 2018-2019	Change in Median Price 2018 -2019
Atglen	0	*	1	*	-1	*
Avondale	0	*	0	*	0	*
Caln	3	*	27	$344,651	-24	*
Charlestown	31	$630,517	41	$638,409	-10	$(7,892)
Coatesville	3	*	3	*	0	*
Downingtown	0	*	1	*	-1	*
East Bradford	1	*	0	*	1	*
East Brandywine	55	$439,737	67	$417,000	-12	$22,737
East Caln	6	$419,990	1	*	5	*
East Coventry	3	*	1	*	2	*
East Fallowfield	5	$407,134	1	*	4	*
East Goshen	2	*	3	*	-1	*
East Marlborough	11	$467,985	19	$473,053	-8	$(5,068)
East Nantmeal	0	*	2	*	-2	*
East Nottingham	14	$377,590	14	$363,215	0	$14,375
East Pikeland	63	$626,150	13	$562,780	50	$63,370
East Vincent	2	*	22	$289,618	-20	*
East Whiteland	116	$479,373	172	$478,370	-56	$1,003
Easttown	4	$1,069,950	12	$598,096	-8	$471,854
Elk	1	*	0	*	1	*
Elverson	0	*	0	*	0	*
Franklin	3	*	2	*	1	*
Honey Brook Boro.	0	*	0	*	0	*
Honey Brook Twp	4	$269,000	2	*	2	*
Kennett Square	2	*	7	$359,000	-5	*
Kennett Township	32	$369,748	10	$390,583	22	$(20,836)
London Britain	0	*	1	*	-1	*
London Grove	10	$468,931	15	$424,723	-5	$44,208
Londonderry	11	$424,845	14	$378,512.00	-3	$46,333
Lower Oxford	1	*	3	*	-2	*
Malvern	2	*	3	*	-1	*
Modena	0	*	0	*	0	*
New Garden	16	$337,901	13	$332,471	3	$5,430
Newlin	0	*	0	*	0	*
New London	4	$423,890	7	$409,000	-3	$14,890
North Coventry	0	*	1	*	-1	*
Oxford	5	$308,000	10	$229,450	-5	$78,550
Parkesburg	0	*	1	*	-1	*
Penn	7	$276,190	18	$266,900	-11	$9,290
Pennsbury	1	*	1	*	0	*
Phoenixville	4	$360,873	30	$319,515	-26	$41,358
Pocopson	0	*	0	*	0	*
Sadsbury	37	$304,620	20	$283,489	17	$21,131
Schuylkill	2	*	2	*	0	*
South Coatesville	1	*	5	$251,363	-4	*
South Coventry	4	$255,500	9	$270,500	-5	$(15,000)
Spring City	0	*	0	*	0	*
Thornbury	0	*	1	*	-1	*
Tredyffrin	26	$634,984	37	$627,703	-11	$7,281
Upper Oxford	0	*	1	*	-1	*
Upper Uwchlan	66	$399,992	32	$673,732	34	$(273,741)
Uwchlan	1	*	0	*	1	*
Valley	1	*	14	$284,975	-13	*
Wallace	4	$528,298	1	*	3	*
Warwick	1	*	0	*	1	*
West Brandford	74	$540,480	77	$518,925	-3	$21,555
West Brandywine	2	*	3	*	-1	*
West Caln	0	*	0	*	0	*
West Chester	37	$395,570	5	$469,100	32	$(73,530)
West Fallowfield	1	*	0	*	1	*
West Goshen	13	$563,931	6	$566,679	7	$(2,748)
West Grove	0	*	0	*	0	*
West Marlborough	0	*	1	*	-1	*
West Nantmeal	1	*	2	*	-1	*
West Nottingham	1	*	0	*	1	*
West Pikeland	0	*	0	*	0	*
West Sadsbury	0	*	0	*	0	*
West Vincent	39	$394,080	75	$395,627	-36	$(1,547)
West Whiteland	40	$520,209	3	*	37	*
Westtown	13	$655,424	44	$761,525	-31	$(106,101)
Willistown	18	$547,835	21	$468,722	-3	$79,113
Chester County	804	$355,000	898	$444,305	-94	$(89,305)