$4,333 Closing Credit*
$364,900
1,280 SqFt
2 Beds
•2 Full Baths, 1 Partial
Anita L Snyder, Listing Office: Star Realty
Is Chester, MD 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, MD
How much do homes in Chester, MD cost?
Median Sold Price
$503,949
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,999(+5.0%)
Key Takeaway
Homes in Chester have sold for 5% more than they did a year ago.
Summary: The median home sold price in Chester was $503,949 in October 2024, up 5% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337K | $254.2K | -24.6% |
| 2 Bedrooms | $402.5K | $381K | -5.3% |
| 3 Bedrooms | $455K | $505.9K | +11.2% |
| 4 Bedrooms | $687K | $642.2K | -6.5% |
| 5+ Bedrooms | $850K | $686.2K | -19.3% |
Summary: Chester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.6%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 19.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Kent Narrows | $540.9K | $660K | +22.0% |
| Kent Island | $500.3K | $548.8K | +9.7% |
| Stevensville | $497.5K | $532.5K | +7.0% |
| Chester | $479.9K | $503.9K | +5.0% |
Housing Supply in Chester, MD
How many homes are available in Chester, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 57 | +14.0% |
Summary: The Chester real estate market had 57 homes for sale in October 2024, a 14.0% 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 | 17 | 19 | +11.8% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 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 increased by 11.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 16 | +128.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 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. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Chester in October 2024, up by 128.6% month-over-month. Of the 16 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Chester, MD
How long does it take to sell a home in Chester, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 49 Days | +127.2% |
Summary: Homes in Chester had an average of 49 days on market in Oct 2024, up by 127.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chester are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Chester; 44% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
