Is Chesterfield County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chesterfield County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Chesterfield County has remained a Seller's Market.

Key Takeaway

Chesterfield County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chesterfield County, VA

How much do homes in Chesterfield County, VA cost?

Median Sold Price

$390,065

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$16,140(+4.3%)

Key Takeaway

Homes in Chesterfield County have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Chesterfield County was $390,065 in March 2024, up 4.3% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $177.5K$189K
+6.5%
2 $270K$293K
+8.5%
3 $314.9K$337.1K
+7.0%
4 $401.4K$429.5K
+7.0%
5+ $574.7K$602.8K
+4.9%

Summary: Chesterfield County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Counties

Charles City County
+7.4%
Henrico County
+6.8%
Dinwiddie County
+5.6%
Chesterfield County
+4.3%
Prince George County
+3.2%

Housing Supply in Chesterfield County, VA

How many homes are available in Chesterfield County, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,2991,373+5.7%

Summary: The Chesterfield County real estate market had 1,373 homes for sale in March 2024, a 5.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1213
+8.3%
2 109117
+7.3%
3 513522
+1.8%
4 471517
+9.8%
5+ 194204
+5.2%

Summary: The Chesterfield County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 5.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
306359+17.3%

Asking Price vs. Sold Price

97 Homes Were Sold
Under Asking

91 Homes Were Sold
At Asking

169 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chesterfield County, you could pay more than the asking price. 47.3% of homes here sold above asking price last month.

Summary: A total of 359 homes were sold or pending in Chesterfield County in March 2024, up by 17.3% month-over-month. Of the 357 sold homes, 27% were sold under asking, 25% were sold at asking, and 47% were sold over asking.

Days on Market for Chesterfield County, VA

How long does it take to sell a home in Chesterfield County, VA?

Average Sale Time

Mar 2023Mar 2024CHANGE
24 Days22 Days-5.2%

Summary: Homes in Chesterfield County had an average of 22 days on market in Mar 2024, down by 5.2% compared to last year.

Breakdown of Home Sale Times

277 Homes Were Sold
Under 30 Days

59 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chesterfield County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 359 homes were sold in Chesterfield County; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in Chesterfield County, VA

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