Is Chesterfield County, 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 County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $177.5K | $189K | +6.5% |
2 Bedrooms | $270K | $293K | +8.5% |
3 Bedrooms | $314.9K | $337.1K | +7.0% |
4 Bedrooms | $401.4K | $429.5K | +7.0% |
5+ Bedrooms | $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 | $270K | $289.9K | +7.4% |
Henrico County | $377.7K | $403.6K | +6.8% |
Dinwiddie County | $265K | $279.9K | +5.6% |
Chesterfield County | $373.9K | $390K | +4.3% |
Prince George County | $315K | $324.9K | +3.2% |
Housing Supply in Chesterfield County, VA
How many homes are available in Chesterfield County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,299 | 1,373 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 13 | +8.3% |
2 Bedrooms | 109 | 117 | +7.3% |
3 Bedrooms | 513 | 522 | +1.8% |
4 Bedrooms | 471 | 517 | +9.8% |
5+ Bedrooms | 194 | 204 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
306 | 359 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 22 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
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.