Is Chester, VA 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, Chester has remained a Seller's Market.
Housing Prices in Chester, VA
How much do homes in Chester, VA cost?
Median Sold Price
$359,998
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chester was $359,998 in April 2024, up 2.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $530K | N/A |
2 Bedrooms | $327K | $356.6K | +9.1% |
3 Bedrooms | $304K | $326.9K | +7.6% |
4 Bedrooms | $375.5K | $390K | +3.9% |
5+ Bedrooms | $485K | $485K | 0.0% |
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 9.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Hopewell | $192K | $225K | +17.2% |
Colonial Heights | $250.6K | $271.1K | +8.2% |
Dale | $320K | $339.6K | +6.1% |
Bermuda | $340K | $350K | +2.9% |
Chester | $351.1K | $359.9K | +2.5% |
Housing Supply in Chester, VA
How many homes are available in Chester, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
187 | 205 | +9.6% |
Summary: The Chester real estate market had 205 homes for sale in April 2024, a 9.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 69 | 70 | +1.4% |
4 Bedrooms | 72 | 78 | +8.3% |
5+ Bedrooms | 39 | 48 | +23.1% |
Summary: The Chester 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 increased by 16.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 50 | -3.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Chester in April 2024, down by 3.8% month-over-month. Of the 49 sold homes, 20% were sold under asking, 35% were sold at asking, and 45% were sold over asking.
Days on Market for Chester, VA
How long does it take to sell a home in Chester, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 20 Days | -24.2% |
Summary: Homes in Chester had an average of 20 days on market in Apr 2024, down by 24.2% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 50 homes were sold in Chester; 80% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.