Is Chesterfield, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chesterfield has remained a Seller's Market.
Key Takeaway
Chesterfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chesterfield, MI
How much do homes in Chesterfield, MI cost?
Median Sold Price
$142,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chesterfield have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Chesterfield was $142,000 in April 2024, up 2.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $92.5K | N/A |
| 2 Bedrooms | $92K | $125K | +35.9% |
| 3 Bedrooms | $152.5K | $155K | +1.6% |
| 4 Bedrooms | - | $144K | N/A |
| 5+ Bedrooms | $125.4K | $188K | +49.9% |
Summary: Chesterfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 49.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Seminole Woods | $110K | $126.9K | +15.4% |
| Chesterfield | $139K | $142K | +2.2% |
Housing Supply in Chesterfield, MI
How many homes are available in Chesterfield, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The Chesterfield real estate market had 9 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Chesterfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesterfield, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Chesterfield in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Chesterfield, MI
How long does it take to sell a home in Chesterfield, MI?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chesterfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Chesterfield; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
