Is Chester Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 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
$248,500
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chester Township have sold for 53.2% more than they did a year ago.
Summary: The median home sold price in Chester Township was $248,500 in March 2024, up 53.2% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $160K | $166.2K | +3.9% |
| 3 Bedrooms | $164.5K | $256.7K | +56.1% |
| 4 Bedrooms | $267K | $393K | +47.2% |
| 5+ Bedrooms | $375K | $486K | +29.6% |
Summary: Chester Township 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 increased by 3.9%, 3 bedroom homes increased by 56.1%, 4 bedroom homes increased by 47.2%, and 5+ bedroom homes increased by 29.6%.
Median Sold Price Compared To Nearby Cities
| Chester Township | $162.2K | $248.5K | +53.2% |
| Otsego Lake Township | $261.8K | $275K | +5.0% |
| Bagley Township | $265K | $259.9K | -1.9% |
Housing Supply in Chester Township, MI
How many homes are available in Chester Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Summary: The Chester Township real estate market had 5 homes for sale in March 2024, a 25.0% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Chester Township 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 increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester Township, 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 Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Chester Township, MI
We’re sorry, we don't have information for this market at the moment
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