Is Chester Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chester Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Chester Township was a Seller's Market.

Key Takeaway

Chester Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Chester Township, NJ cost?

Median Sold Price

$800,000

-

Based on all homes sold in November 2022.

Difference Since Last Month

-$199,000(-19.9%)

Key Takeaway

Homes in Chester Township have sold for 19.9% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 --
N/A
2 --
N/A
3 -$683.7K
N/A
4 $860K$915K
+6.4%
5+ $1.2M$1.1M
-11.0%

Median Sold Price Compared To Nearby Cities

Mendham Township
-0.4%
Gladstone
-11.9%
Chester Township
-19.9%
Peapack and Gladstone
-39.1%
Chester
-75.5%

How many homes are available in Chester Township, NJ?

Number of Homes For Sale

Oct 2022Nov 2022%
4137-9.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 22
0.0%
3 56
+20.0%
4 2017
-15.0%
5+ 1412
-14.3%

Number of Homes Sold

Oct 2022Nov 2022%
96-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chester Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Chester Township, NJ

Number of homes for sale in Chester Township, NJ real estate market have reached 37. The number of homes for sale in Chester Township, NJ decreased by 9.8% between October 2022 and November 2022. Between November 2021 and November 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties increased by 0%, prices of 4 bedrooms properties increased by 6.4%, 5 bedrooms properties prices decreased by 11%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes went up by 20%, 4 bedrooms homes became 15% less available, 5 bedrooms homes became 14.3% less available. While more than 2 listings in Chester Township, NJ in November 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 1 were sold below.

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