Is Chesterfield, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chesterfield is a seller's market

Buyer's
Market

Difference Since January 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, MO

How much do homes in Chesterfield, MO cost?

Median Sold Price

$515,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$30,013(+6.2%)

Key Takeaway

Homes in Chesterfield have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Chesterfield was $515,000 in January 2024, up 6.2% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 -$205K
N/A
2 $241.5K$255K
+5.6%
3 $427.5K$439.5K
+2.8%
4 $525K$564.5K
+7.5%
5+ $723.5K$827.5K
+14.4%

Summary: Chesterfield housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 14.4%.

Median Sold Price Compared To Nearby Cities

Town and Country
+9.2%
Chesterfield
+6.2%
Ballwin
+2.9%
Lafayette Township
+2.8%

Housing Supply in Chesterfield, MO

How many homes are available in Chesterfield, MO?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
104107+2.9%

Summary: The Chesterfield real estate market had 107 homes for sale in January 2024, a 2.9% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 1211
-8.3%
3 2835
+25.0%
4 4647
+2.2%
5+ 1814
-22.2%

Summary: The Chesterfield housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
3532-8.6%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chesterfield, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Chesterfield in January 2024, down by 8.6% month-over-month. Of the 32 sold homes, 63% were sold under asking, 3% were sold at asking, and 34% 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

Jan 2023Jan 2024CHANGE
41 Days32 Days-20.8%

Summary: Homes in Chesterfield had an average of 32 days on market in Jan 2024, down by 20.8% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 32 homes were sold in Chesterfield; 53% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% 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 29 Days Ago

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