Is Chesilhurst, NJ 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, Chesilhurst has remained a Seller's Market.
Key Takeaway
Chesilhurst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chesilhurst, NJ
How much do homes in Chesilhurst, NJ cost?
Median Sold Price
$289,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chesilhurst have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Chesilhurst was $289,000 in April 2024, up 10.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $234K | -19.3% |
| 3 Bedrooms | $260K | $279.5K | +7.5% |
| 4 Bedrooms | $340K | $307.5K | -9.6% |
| 5+ Bedrooms | $230K | - | N/A |
Summary: Chesilhurst 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 decreased by 19.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Waterford Works | $262K | $315K | +20.2% |
| Chesilhurst | $261K | $289K | +10.7% |
| Winslow Township | $290K | $309.9K | +6.9% |
| Atco | $286K | $300K | +4.9% |
| Waterford Township | $330K | $325K | -1.5% |
Housing Supply in Chesilhurst, NJ
How many homes are available in Chesilhurst, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Chesilhurst real estate market had 5 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Chesilhurst 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 remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesilhurst, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Chesilhurst in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Chesilhurst, NJ
How long does it take to sell a home in Chesilhurst, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 35 Days | -48.0% |
Summary: Homes in Chesilhurst had an average of 35 days on market in Apr 2024, down by 48% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chesilhurst has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Chesilhurst; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
