$8,905 Closing Credit*
$749,900
4 Beds
•2 Full Baths, 1 Partial
Listing Office: KELLER WILLIAMS REALTY
Is Chester Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Chester Township has remained a Seller's Market.
Key Takeaway
Chester Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chester Township, NJ
How much do homes in Chester Township, NJ cost?
Median Sold Price
$925,000
-
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$75,000(+8.8%)
Key Takeaway
Homes in Chester Township have sold for 8.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | - | N/A |
| 2 Bedrooms | $315K | - | N/A |
| 3 Bedrooms | $666.2K | $720K | +8.1% |
| 4 Bedrooms | $860K | $925K | +7.6% |
| 5+ Bedrooms | $1.2M | $1.3M | +4.4% |
Summary: Chester Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Mendham Township | $825K | $1.0M | +23.3% |
| Chester Township | $850K | $925K | +8.8% |
| Chester | $850K | $925K | +8.8% |
Housing Supply in Chester Township, NJ
How many homes are available in Chester Township, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 46 | 52 | +13.0% |
Summary: The Chester Township real estate market had 52 homes for sale in August 2024, a 13.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 22 | 27 | +22.7% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Chester Township housing inventory by bedroom type for August 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 increased by 22.7%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester Township, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Chester Township in August 2024, the same as the previous month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% 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
