$130,000
0.06 Acres
Land
Listing Office: CENTURY 21 ATLANTIC PROFESSIONAL REALTY
Is Chelsea, NJ 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, 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
$180,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+20.0%)
Key Takeaway
Homes in Chelsea have sold for 20% more than they did a year ago.
Summary: The median home sold price in Chelsea was $180,000 in October 2024, up 20% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146.4K | $160K | +9.3% |
| 2 Bedrooms | $137.4K | $278K | +102.3% |
| 3 Bedrooms | $555.5K | $217.5K | -60.8% |
| 4 Bedrooms | - | $192K | N/A |
| 5+ Bedrooms | $355K | - | N/A |
Summary: Chelsea housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 102.3%, 3 bedroom homes decreased by 60.8%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 67 | -2.9% |
Summary: The Chelsea real estate market had 67 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 32 | -3.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Chelsea housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was 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 October 2024, down by 50.0% month-over-month. Of the 1 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 55 Days | +74.6% |
Summary: Homes in Chelsea had an average of 55 days on market in Oct 2024, up by 74.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chelsea has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Chelsea; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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.