Is Chester, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chester is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Chester was a Seller's Market.

Key Takeaway

Chester is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Chester, SC

How much do homes in Chester, SC cost?

Median Sold Price

$209,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$34,000(+19.4%)

Key Takeaway

Homes in Chester have sold for 19.4% more than they did a year ago.

Summary: The median home sold price in Chester was $209,000 in April 2024, up 19.4% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$32.4K
N/A
2 $102.2K$137K
+34.0%
3 $188K$216K
+14.9%
4 $245.5K$268.5K
+9.4%
5+ $270K$245K
-9.3%

Summary: Chester 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 34%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 9.3%.

Housing Supply in Chester, SC

How many homes are available in Chester, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7084+20.0%

Summary: The Chester real estate market had 84 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 1721
+23.5%
3 4355
+27.9%
4 64
-33.3%
5+ 22
0.0%

Summary: The Chester 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 increased by 23.5%, 3 bedroom homes increased by 27.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
914+55.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chester, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Chester in April 2024, up by 55.6% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.

Days on Market for Chester, SC

How long does it take to sell a home in Chester, SC?

Average Sale Time

Apr 2023Apr 2024CHANGE
70 Days42 Days-39.4%

Summary: Homes in Chester had an average of 42 days on market in Apr 2024, down by 39.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 14 homes were sold in Chester; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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 17 Days Ago

Newest Listings in Chester, SC

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