Is Chesterfield County, 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, 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
$390,876
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chesterfield County was $390,876 in April 2024, up 4.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $210K | +16.7% |
2 Bedrooms | $275K | $294.9K | +7.2% |
3 Bedrooms | $315K | $338.4K | +7.4% |
4 Bedrooms | $402.1K | $431.3K | +7.3% |
5+ Bedrooms | $579.9K | $610.1K | +5.2% |
Summary: Chesterfield County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Counties
Charles City County | $265K | $300K | +13.2% |
Henrico County | $375.3K | $410K | +9.2% |
Dinwiddie County | $265K | $280K | +5.7% |
Chesterfield County | $374.8K | $390.8K | +4.3% |
Prince George County | $315K | $323K | +2.5% |
Housing Supply in Chesterfield County, VA
How many homes are available in Chesterfield County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,409 | 1,550 | +10.0% |
Summary: The Chesterfield County real estate market had 1,550 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 16 | +23.1% |
2 Bedrooms | 117 | 136 | +16.2% |
3 Bedrooms | 539 | 564 | +4.6% |
4 Bedrooms | 524 | 573 | +9.4% |
5+ Bedrooms | 216 | 261 | +20.8% |
Summary: The Chesterfield County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 20.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
373 | 386 | +3.5% |
Asking Price vs. Sold Price
84 Homes Were Sold
Under Asking
101 Homes Were Sold
At Asking
197 Homes Were Sold
Over Asking
Summary: A total of 386 homes were sold or pending in Chesterfield County in April 2024, up by 3.5% month-over-month. Of the 382 sold homes, 22% were sold under asking, 26% were sold at asking, and 52% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 20 Days | +6.5% |
Summary: Homes in Chesterfield County had an average of 20 days on market in Apr 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
318 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During April 2024, 386 homes were sold in Chesterfield County; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.