$6,519 Closing Credit*
$549,000
3 Beds
•1 Full Bath
Listing Office: WEICHERT REALTORS
Is Chester, 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, 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, NJ
How much do homes in Chester, NJ cost?
Median Sold Price
$937,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$71,020(+8.2%)
Key Takeaway
Homes in Chester have sold for 8.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $625K | $511.9K | -18.1% |
| 3 Bedrooms | $679.5K | $750K | +10.4% |
| 4 Bedrooms | $865K | $949.5K | +9.8% |
| 5+ Bedrooms | $1.2M | $1.2M | +1.1% |
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 decreased by 18.1%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Chester Township | $865K | $950K | +9.8% |
| Chester | $865.9K | $937K | +8.2% |
Housing Supply in Chester, NJ
How many homes are available in Chester, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 41 | -10.9% |
Summary: The Chester real estate market had 41 homes for sale in November 2024, a 10.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Chester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Chester in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Chester, NJ
We’re sorry, we don't have information for this market at the moment
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