Is Chester, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Chester was a Buyer's Market.
Housing Prices in Chester, NY
How much do homes in Chester, NY cost?
Median Sold Price
$440,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chester was $440,000 in April 2024, down 3.6% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $167.7K | -1.3% |
2 Bedrooms | $265K | $275K | +3.8% |
3 Bedrooms | $382.5K | $399K | +4.3% |
4 Bedrooms | $587K | $585K | -0.3% |
5+ Bedrooms | $588.5K | $505K | -14.2% |
Summary: Chester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 14.2%.
Housing Supply in Chester, NY
How many homes are available in Chester, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 75 | +19.0% |
Summary: The Chester real estate market had 75 homes for sale in April 2024, a 19.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 27 | 33 | +22.2% |
5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Chester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Chester in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Chester, NY
How long does it take to sell a home in Chester, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 34 Days | -45.8% |
Summary: Homes in Chester had an average of 34 days on market in Apr 2024, down by 45.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Chester; 45% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.