Is Chesterfield, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chesterfield has remained a Seller's Market.
Housing Prices in Chesterfield, MO
How much do homes in Chesterfield, MO cost?
Median Sold Price
$527,678
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chesterfield was $527,678 in May 2024, up 7.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $337.5K | N/A |
2 Bedrooms | $248.7K | $255K | +2.5% |
3 Bedrooms | $438.7K | $446K | +1.6% |
4 Bedrooms | $542.6K | $590K | +8.7% |
5+ Bedrooms | $723.5K | $797.5K | +10.2% |
Summary: Chesterfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
Ballwin | $341.6K | $369.8K | +8.3% |
Chesterfield | $488.9K | $527.6K | +7.9% |
Town and Country | $922.1K | $975K | +5.7% |
Lafayette Township | $418.5K | $433.6K | +3.6% |
Clarkson Valley | $861.2K | $880K | +2.2% |
Housing Supply in Chesterfield, MO
How many homes are available in Chesterfield, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
189 | 196 | +3.7% |
Summary: The Chesterfield real estate market had 196 homes for sale in May 2024, a 3.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 27 | 25 | -7.4% |
3 Bedrooms | 59 | 55 | -6.8% |
4 Bedrooms | 71 | 80 | +12.7% |
5+ Bedrooms | 31 | 35 | +12.9% |
Summary: The Chesterfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 12.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 67 | +3.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Chesterfield in May 2024, up by 3.1% month-over-month. Of the 66 sold homes, 15% were sold under asking, 15% were sold at asking, and 70% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 10 Days | -65.2% |
Summary: Homes in Chesterfield had an average of 10 days on market in May 2024, down by 65.2% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 67 homes were sold in Chesterfield; 90% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.