Is Chester, NJ 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 has remained a Seller's Market.
Housing Prices in Chester, NJ
How much do homes in Chester, NJ cost?
Median Sold Price
$990,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | - | N/A |
2 Bedrooms | $315K | $367.5K | +16.7% |
3 Bedrooms | $549.5K | $710K | +29.2% |
4 Bedrooms | $787.5K | $971K | +23.3% |
5+ Bedrooms | $1.3M | $1.3M | -0.2% |
Summary: Chester 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 16.7%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Chester | $730K | $990K | +35.6% |
Chester Township | $743.7K | $976K | +31.2% |
Housing Supply in Chester, NJ
How many homes are available in Chester, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 29 | -3.3% |
Summary: The Chester real estate market had 29 homes for sale in March 2024, a 3.3% decrease 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 | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 21 | 19 | -9.5% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Chester 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 25%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Chester in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Chester, NJ
We’re sorry, we don't have information for this market at the moment