Is Chesterfield, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Chesterfield was a Seller's Market.
Key Takeaway
Chesterfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chesterfield, NJ
How much do homes in Chesterfield, NJ cost?
Median Sold Price
$600,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chesterfield have sold for 7% less than they did a year ago.
Summary: The median home sold price in Chesterfield was $600,000 in March 2024, down 7% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $306.5K | $323.8K | +5.6% |
| 3 Bedrooms | $432K | $455K | +5.3% |
| 4 Bedrooms | $675K | $695K | +3.0% |
| 5+ Bedrooms | $650K | $800K | +23.1% |
Summary: Chesterfield 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 5.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Cities
| Bordentown Township | $340K | $375K | +10.3% |
| Hamilton Township | $340K | $366.3K | +7.7% |
| Chesterfield Township | $639.9K | $600K | -6.2% |
| Chesterfield | $644.9K | $600K | -7.0% |
| Mansfield Township | $403.5K | $361K | -10.5% |
Housing Supply in Chesterfield, NJ
How many homes are available in Chesterfield, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Chesterfield real estate market had 30 homes for sale in March 2024, a 15.4% increase 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 | 6 | 6 | 0.0% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Chesterfield 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 remained the same, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesterfield, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Chesterfield in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Chesterfield, NJ
How long does it take to sell a home in Chesterfield, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 85 Days | 28 Days | -67.3% |
Summary: Homes in Chesterfield had an average of 28 days on market in Mar 2024, down by 67.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chesterfield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Chesterfield; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.