$75,000
0.03 Acres
Land
David Adlai-Gail, Listing Office: Coldwell Banker Residential Brokerage - Princeton Jct
Is Chelsea, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chelsea has remained a Buyer's Market.
Key Takeaway
Chelsea is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chelsea, NJ
How much do homes in Chelsea, NJ cost?
Median Sold Price
$177,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,000(+15.6%)
Key Takeaway
Homes in Chelsea have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Chelsea was $177,500 in November 2024, up 15.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143.7K | $160K | +11.3% |
| 2 Bedrooms | $204.9K | $224K | +9.3% |
| 3 Bedrooms | $555.5K | $225K | -59.5% |
| 4 Bedrooms | - | $192K | N/A |
| 5+ Bedrooms | $355K | - | N/A |
Summary: Chelsea housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 59.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Chelsea, NJ
How many homes are available in Chelsea, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 66 | +1.5% |
Summary: The Chelsea real estate market had 66 homes for sale in November 2024, a 1.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 31 | +3.3% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Chelsea housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chelsea, 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 Chelsea in November 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chelsea, NJ
How long does it take to sell a home in Chelsea, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 75 Days | -10.2% |
Summary: Homes in Chelsea had an average of 75 days on market in Nov 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chelsea has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Chelsea; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.