Is Chester, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Chester was a Neutral Market.
Key Takeaway
Chester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chester, CT
How much do homes in Chester, CT cost?
Median Sold Price
$428,075
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chester have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Chester was $428,075 in March 2024, up 1.9% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | - | N/A |
| 2 Bedrooms | $292.5K | $289K | -1.2% |
| 3 Bedrooms | $406.9K | $426.2K | +4.7% |
| 4 Bedrooms | $515K | $670K | +30.1% |
| 5+ Bedrooms | $460K | $1.2M | +165.2% |
Summary: Chester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes increased by 165.2%.
Median Sold Price Compared To Nearby Cities
| Higganum | $380K | $446.5K | +17.5% |
| Deep River | $307.5K | $357.5K | +16.3% |
| Haddam | $390K | $446.5K | +14.5% |
| Chester | $420K | $428K | +1.9% |
| Lyme | $819K | $625K | -23.7% |
Housing Supply in Chester, CT
How many homes are available in Chester, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The Chester real estate market had 6 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chester, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Chester in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Chester, CT
We’re sorry, we don't have information for this market at the moment
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