$5,047 Closing Credit*
$425,000
2,682 SqFt
4 Beds
•3 Full Baths
James B Davidson, Listing Office: Coldwell Banker Waterman Realty
Is Chester, MD 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 Seller's Market.
Key Takeaway
Chester is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chester, MD
How much do homes in Chester, MD cost?
Median Sold Price
$505,900
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,900(+5.4%)
Key Takeaway
Homes in Chester have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Chester was $505,900 in November 2024, up 5.4% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337K | $273K | -19.0% |
| 2 Bedrooms | $452.5K | $369.9K | -18.3% |
| 3 Bedrooms | $462K | $565K | +22.3% |
| 4 Bedrooms | $690K | $642.2K | -6.9% |
| 5+ Bedrooms | $850K | $686.2K | -19.3% |
Summary: Chester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19%, 2 bedroom homes decreased by 18.3%, 3 bedroom homes increased by 22.3%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 19.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Kent Island | $510K | $550.7K | +8.0% |
| Stevensville | $501K | $539.9K | +7.8% |
| Chester | $480K | $505.9K | +5.4% |
Housing Supply in Chester, MD
How many homes are available in Chester, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 47 | -7.8% |
Summary: The Chester real estate market had 47 homes for sale in November 2024, a 7.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 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 50%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 7 | -56.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Chester in November 2024, down by 56.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -17.0% |
Summary: Homes in Chester had an average of 22 days on market in Nov 2024, down by 17% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chester are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Chester; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
