Is Chesterfield, MO 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, Chesterfield has remained a Seller's Market.
Housing Prices in Chesterfield, MO
How much do homes in Chesterfield, MO cost?
Median Sold Price
$526,406
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chesterfield was $526,406 in March 2024, up 8.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $205K | N/A |
2 Bedrooms | $243.6K | $255K | +4.7% |
3 Bedrooms | $430K | $440K | +2.3% |
4 Bedrooms | $526.5K | $592.7K | +12.6% |
5+ Bedrooms | $725K | $824K | +13.7% |
Summary: Chesterfield 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 4.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
Chesterfield | $485K | $526.4K | +8.5% |
Town and Country | $920K | $975K | +6.0% |
Lafayette Township | $411.7K | $430.5K | +4.5% |
Ballwin | $345K | $357K | +3.5% |
Housing Supply in Chesterfield, MO
How many homes are available in Chesterfield, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
124 | 146 | +17.7% |
Summary: The Chesterfield real estate market had 146 homes for sale in March 2024, a 17.7% 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 | 22 | 27 | +22.7% |
3 Bedrooms | 36 | 43 | +19.4% |
4 Bedrooms | 50 | 59 | +18.0% |
5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Chesterfield 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 increased by 22.7%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 52 | +57.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Chesterfield in March 2024, up by 57.6% month-over-month. Of the 52 sold homes, 37% were sold under asking, 12% were sold at asking, and 52% were sold over asking.
Days on Market for Chesterfield, MO
How long does it take to sell a home in Chesterfield, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 30 Days | -10.3% |
Summary: Homes in Chesterfield had an average of 30 days on market in Mar 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 52 homes were sold in Chesterfield; 71% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.