Is Chester, IL 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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chester, IL
How much do homes in Chester, IL cost?
Median Sold Price
$130,000
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chester have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Chester was $130,000 in March 2024, up 12.1% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $33.4K | N/A |
| 2 Bedrooms | $110K | $74.5K | -32.3% |
| 3 Bedrooms | $122K | $131.2K | +7.6% |
| 4 Bedrooms | $112K | $165K | +47.3% |
| 5+ Bedrooms | - | $600K | N/A |
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 32.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 47.3%, and 5+ bedroom homes did not change.
Housing Supply in Chester, IL
How many homes are available in Chester, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Chester real estate market had 13 homes for sale in March 2024, a 18.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 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 decreased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Chester in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chester, IL
How long does it take to sell a home in Chester, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 162 Days | 31 Days | -80.9% |
Summary: Homes in Chester had an average of 31 days on market in Mar 2024, down by 80.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chester has remained consistent over time.
Summary: During March 2024, 1 homes were sold in Chester; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.