Is Chesterfield, VA 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, Chesterfield has remained a Seller's Market.
Key Takeaway
Chesterfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chesterfield, VA
How much do homes in Chesterfield, VA cost?
Median Sold Price
$427,458
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chesterfield have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Chesterfield was $427,458 in March 2024, up 1.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | - | N/A |
| 2 Bedrooms | $245.5K | $340.5K | +38.7% |
| 3 Bedrooms | $312.5K | $328K | +5.0% |
| 4 Bedrooms | $434.9K | $479.9K | +10.3% |
| 5+ Bedrooms | $576K | $615.9K | +6.9% |
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 38.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
| Clover Hill | $330.2K | $360K | +9.0% |
| Dale | $319.7K | $336.2K | +5.1% |
| Matoaca | $436.6K | $450K | +3.1% |
| Chester | $351K | $360K | +2.6% |
| Chesterfield | $420.1K | $427.4K | +1.7% |
Housing Supply in Chesterfield, VA
How many homes are available in Chesterfield, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 219 | 236 | +7.8% |
Summary: The Chesterfield real estate market had 236 homes for sale in March 2024, a 7.8% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 67 | 75 | +11.9% |
| 4 Bedrooms | 107 | 116 | +8.4% |
| 5+ Bedrooms | 40 | 42 | +5.0% |
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 decreased by 40%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 58 | +18.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesterfield, you could pay more than the asking price. 54.4% of homes here sold above asking price last month.
Summary: A total of 58 homes were sold or pending in Chesterfield in March 2024, up by 18.4% month-over-month. Of the 57 sold homes, 19% were sold under asking, 26% were sold at asking, and 54% were sold over asking.
Days on Market for Chesterfield, VA
How long does it take to sell a home in Chesterfield, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 18 Days | -36.8% |
Summary: Homes in Chesterfield had an average of 18 days on market in Mar 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 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, 58 homes were sold in Chesterfield; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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