Is Chesterfield, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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, MO
How much do homes in Chesterfield, MO cost?
Median Sold Price
$531,187
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chesterfield have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Chesterfield was $531,187 in April 2024, up 8.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $205K | N/A |
| 2 Bedrooms | $245K | $255K | +4.1% |
| 3 Bedrooms | $441K | $445K | +0.9% |
| 4 Bedrooms | $540K | $592K | +9.6% |
| 5+ Bedrooms | $725K | $805K | +11.0% |
Summary: Chesterfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
| Town and Country | $905K | $1.0M | +15.4% |
| Chesterfield | $489.7K | $531.1K | +8.5% |
| Ballwin | $341.2K | $369.3K | +8.3% |
| Lafayette Township | $412.5K | $439.2K | +6.5% |
| Clarkson Valley | $861.2K | $870K | +1.0% |
Housing Supply in Chesterfield, MO
How many homes are available in Chesterfield, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 149 | 191 | +28.2% |
Summary: The Chesterfield real estate market had 191 homes for sale in April 2024, a 28.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 27 | 25 | -7.4% |
| 3 Bedrooms | 38 | 62 | +63.2% |
| 4 Bedrooms | 59 | 73 | +23.7% |
| 5+ Bedrooms | 25 | 30 | +20.0% |
Summary: The Chesterfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 63.2%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 62 | +14.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesterfield, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 62 homes were sold or pending in Chesterfield in April 2024, up by 14.8% month-over-month. Of the 62 sold homes, 29% were sold under asking, 15% were sold at asking, and 56% were sold over asking.
Days on Market for Chesterfield, MO
How long does it take to sell a home in Chesterfield, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 25 Days | -5.8% |
Summary: Homes in Chesterfield had an average of 25 days on market in Apr 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 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 April 2024, 62 homes were sold in Chesterfield; 66% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.