Is Chester Township, NJ 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 Township was a Neutral Market.
Housing Prices in Chester Township, NJ
How much do homes in Chester Township, NJ cost?
Median Sold Price
$975,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | - | N/A |
2 Bedrooms | $315K | $367.5K | +16.7% |
3 Bedrooms | $562K | $710K | +26.3% |
4 Bedrooms | $818K | $950K | +16.1% |
5+ Bedrooms | $1.3M | $1.3M | +2.1% |
Summary: Chester Township 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 16.7%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
Chester | $737.5K | $975.5K | +32.3% |
Chester Township | $750K | $975K | +30.0% |
Mendham Township | $821K | $960K | +16.9% |
Housing Supply in Chester Township, NJ
How many homes are available in Chester Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 43 | +26.5% |
Summary: The Chester Township real estate market had 43 homes for sale in April 2024, a 26.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Chester Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Chester Township in April 2024, up by 66.7% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for Chester Township, NJ
We’re sorry, we don't have information for this market at the moment