Is Chester Township, 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 Township has remained a Seller's Market.
Housing Prices in Chester Township, NJ
How much do homes in Chester Township, NJ cost?
Median Sold Price
$976,000
-
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 | $544K | $705K | +29.6% |
4 Bedrooms | $806K | $968K | +20.1% |
5+ Bedrooms | $1.3M | $1.3M | 0.0% |
Summary: Chester Township 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 29.6%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Chester | $730K | $990K | +35.6% |
Chester Township | $743.7K | $976K | +31.2% |
Mendham Township | $840K | $950K | +13.1% |
Housing Supply in Chester Township, NJ
How many homes are available in Chester Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 34 | -2.9% |
Summary: The Chester Township real estate market had 34 homes for sale in March 2024, a 2.9% 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 | 5 | 6 | +20.0% |
4 Bedrooms | 22 | 21 | -4.5% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Chester Township 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 20%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Chester Township in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Chester Township, NJ
We’re sorry, we don't have information for this market at the moment