Foreclosure Homes in Chester, PA

Current Market Conditions in Chester, PA

The real estate market in Chester has been experiencing a steady recovery over the past year as home values have increased, attracting both first-time home buyers and investors. The area’s ongoing development projects have boosted demand for housing, resulting in a competitive market where homes for sale often receive multiple offers.

Properties in Chester are selling quickly, especially those in well-maintained neighborhoods. The median home price has risen by approximately 5% over the last year, making it a flourishing market for sellers, while buyers may still find affordable options in the area. Investors are particularly interested in rental properties, as the rental market is also growing.

Rent Prices In Chester, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chester, PA, is on a rollercoaster ride. The average rent price in Chester, PA, is $1,138.00. Indeed, when looking to rent in Chester, PA, you can expect to pay as little as $810.00 or as much as $2,930.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Chester, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.