Is Chester, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chester is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Chester has remained a Seller's Market.

Key Takeaway

Chester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chester, MA

How much do homes in Chester, MA cost?

Median Sold Price

$175,000

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$37,500(-17.6%)

Key Takeaway

Homes in Chester have sold for 17.6% less than they did a year ago.

Summary: The median home sold price in Chester was $175,000 in February 2024, down 17.6% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$155K
N/A
2 $275K$167.5K
-39.1%
3 $200K$255K
+27.5%
4 $280K$550K
+96.4%
5+ -$132K
N/A

Summary: Chester housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.1%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 96.4%, and 5+ bedroom homes did not change.

Housing Supply in Chester, MA

How many homes are available in Chester, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
35+66.7%

Summary: The Chester real estate market had 5 homes for sale in February 2024, a 66.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 11
0.0%
4 00
0.0%
5+ 12
+100.0%

Summary: The Chester housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chester, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Chester in February 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Chester, MA

How long does it take to sell a home in Chester, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
291 Days28 Days-90.4%

Summary: Homes in Chester had an average of 28 days on market in Feb 2024, down by 90.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chester are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Chester; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Chester, MA

Nearby Markets to Chester, MA

What housing markets are near Chester, MA?