Is Chester Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chester Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Chester Township, MI

How much do homes in Chester Township, MI cost?

Median Sold Price

$526,050

$101/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$226,050(+75.3%)

Key Takeaway

Homes in Chester Township have sold for 75.4% more than they did a month ago.

Summary: The median home sold price in Chester Township was $526,050 in September 2024, up 75.3% from last month, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $300K-
N/A
5+ -$526K
N/A

Summary: Chester Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Chester Township, MI

How many homes are available in Chester Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
330.0%

Summary: The Chester Township real estate market had 3 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 10
-100.0%
5+ 11
0.0%

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

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

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 Township, 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 Township in September 2024, the same as the previous 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 Township, MI

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

Average Sale Time

Aug 2024Sep 2024CHANGE
4 Days4 Days0.0%

Summary: Homes in Chester Township had an average of 4 days on market in Sep 2024, the same as last month.

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 Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in Chester Township; 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 30 Days Ago

Newest Listings in Chester Township, MI

Nearby Markets to Chester Township, MI

What housing markets are near Chester Township, MI?