Is Chester, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chester is a seller's market

Buyer's
Market

Difference Since November 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, IL

How much do homes in Chester, IL cost?

Median Sold Price

$125,000

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,000(-1.6%)

Key Takeaway

Homes in Chester have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Chester was $125,000 in November 2024, down 1.6% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $33.4K-
N/A
2 $73K$122.5K
+67.8%
3 $130K$108K
-16.9%
4 $155K$155K
0.0%
5+ $600K$150K
-75.0%

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 67.8%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 75%.

Housing Supply in Chester, IL

How many homes are available in Chester, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2123+9.5%

Summary: The Chester real estate market had 23 homes for sale in November 2024, a 9.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 53
-40.0%
3 914
+55.6%
4 65
-16.7%
5+ 10
-100.0%

Summary: The Chester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 55.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in Chester, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Chester in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Chester, IL

How long does it take to sell a home in Chester, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days56 Days+46.8%

Summary: Homes in Chester had an average of 56 days on market in Nov 2024, up by 46.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times50%25%25%

Key Takeaway

Many homes in Chester are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Chester; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Chester, IL

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