$5,439 Closing Credit*
$458,000
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 October 2023
Since last year, Chester has remained a Seller'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
$419,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,900(-2.5%)
Key Takeaway
Homes in Chester have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Chester was $419,000 in October 2024, down 2.5% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $289K | $395K | +36.7% |
| 3 Bedrooms | $409.9K | $442.5K | +8.0% |
| 4 Bedrooms | $552.5K | $670K | +21.3% |
| 5+ Bedrooms | $1.2M | $730K | -40.2% |
Summary: Chester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 40.2%.
Median Sold Price Compared To Nearby Cities
| Deep River | $310K | $417K | +34.5% |
| Lyme | $650K | $722.5K | +11.2% |
| Haddam | $412K | $435K | +5.6% |
| Higganum | $414.9K | $435K | +4.8% |
| Chester | $429.9K | $419K | -2.5% |
Housing Supply in Chester, CT
How many homes are available in Chester, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The Chester real estate market had 19 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Chester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Chester in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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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