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An official website of the Chester County Government.

Housing

Housing Report — New Housing Units Sales

New housing unit sales Chester County, 2004-2023

From 2022 to 2023 the number of new home sales decreased by 32%, and the median sale price increased by 1%.

New housing unit sales are presented from 2004, the year the Planning Commission began calculating data for new housing. Adjusting for inflation, median new sale price decreased by 2% from 2022 to 2023

Year Number
of Sales
Percent
Change
Median
Sale Price
Percent
Change
Median Sale Price
Inflation Adjusted (2023)
Percent
Change
2004 1,471 N/A $317,100 N/A $511,136 N/A
2005 1,363 -7% $371,600 17% 579,201 13%
2006 1,353 -1% $399,100 7% 606,652 5%
2007 1,151 -15% $426,200 7% 622,442 3%
2008 1,019 -11% $372,800 -13% 543,957 -13%
2009 668 -34% $308,300 -17% 437,927 -19%
2010 598 -10% $350,100 14% 489,973 12%
2011 533 -11% $353,400 1% 480,361 -2%
2012 593 11% $365,000 3% 487,639 2%
2013 716 21% $376,000 3% 494,902 1%
2014 613 -14% $386,000 3% 504,250 2%
2015 475 -23% $347,450 -10% 450,603 -11%
2016 451 -5% $411,000 18% 522,187 16%
2017 720 60% $432,305 5% 537,910 3%
2018 898 25% $444,305 3% 542,480 1%
2019 805 -10% $454,936 2% 543,050 0%
2020 686 -15% $447,056 -2% 526,473 -3%
2021 1157 69% $536,124 20% 589,859 12%
2022 1125 -3% $590,000 10% 609,778 3%
2023 782 -32% $596,938 1% 596,938 -2%

Total number of new housing unit sales by municipality, 2023

Of 73 municipalities in Chester County, 19% sold more than 20 new units, 10% added 10-20, 32% added 1-10, and 40% had no new units. Spring City had the highest number of new units, with 81 new units sold in 2023.

Total number of new housing unit sales by municipality, 2023

For median sales prices of municipalities with over three new home sales, 1% were under $300,000, 1% were $300,000 to $399,999 , and 36% were over $400,000. Three municipalities had median sales prices of over one million dollars for new homes (Easttown, Tredyffrin, and West Goshen).

Number of new housing units sold in Chester County, 2004-2023

New home sales in 2023 decreased by 32%.

Median sale prices of new housing units in Chester County, 2004-2023

New unit home sale median prices have been trending upwards since 2008. In 2023 the median sales price for new homes increased even further to $596,938, an all time high.

New housing unit sales by price range in Chester County, 2022 & 2023

Of the 1,125 new unit home sales in Chester County, 28% were sold between $250,000-$499,999. The number of new unit sales in the most affordable price range of ‹$250,000 decreased from 11 units in 2022 to 10 in 2023, remaining at 1% of total new sales.

Price Range 2021 Number
All Sales
2021 Percent
All Sales
2022 Number
All Sales
2022 Percent
All Sales
Less than $250,000 11 1% 10 1%
$250,000 - $499,999 331 29% 217 28%
$500,000 - $749,999 527 47% 349 45%
$750,000 - $899,999 144 13% 118 15%
$900,000 - $1,499,999 94 8% 68 9%
$1,500,000 and over 18 2% 20 3%
Total 1125 100% 782 100%

New housing unit sales by municipality, 2022 & 2023

Median sales price for municipalities with three or fewer sales of new homes in 2023 were omitted. Spring City, Sadsbury, and Honey Brook had the highest increases in the number of new housing sales. Phoenixville, West Goshen, and Upper Uwchlan had the largest decreases in number of new home sales.

Tredyffrin, Easttown, and West Whiteland all had the highest increases in median sales price for new units. Willistown, East Nottingham, and East Bradford had the largest decrease in median home sale price for new homes.