$5,296 Closing Credit*
$446,000
2,278 SqFt
4 Beds
•2 Full Baths, 1 Partial
Stacey Wyeth, Listing Office: William Pitt Sotheby's Int'l
Is Chester, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Chester was a Buyer's Market.
Key Takeaway
Chester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chester, CT
How much do homes in Chester, CT cost?
Median Sold Price
$414,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$35,500(-7.9%)
Key Takeaway
Homes in Chester have sold for 7.9% less than they did a year ago.
Summary: The median home sold price in Chester was $414,500 in November 2024, down 7.9% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $289K | $365K | +26.3% |
| 3 Bedrooms | $406.1K | $430K | +5.9% |
| 4 Bedrooms | $552.5K | $747.5K | +35.3% |
| 5+ Bedrooms | $1.7M | $549K | -68.8% |
Summary: Chester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes decreased by 68.8%.
Median Sold Price Compared To Nearby Cities
| Deep River | $332.9K | $424K | +27.4% |
| Lyme | $650K | $770K | +18.5% |
| Higganum | $399.9K | $435K | +8.8% |
| Haddam | $407.5K | $435K | +6.7% |
| Chester | $450K | $414.5K | -7.9% |
Housing Supply in Chester, CT
How many homes are available in Chester, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 13 | -31.6% |
Summary: The Chester real estate market had 13 homes for sale in November 2024, a 31.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Chester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Chester in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Chester, CT
We’re sorry, we don't have information for this market at the moment
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