$8,301 Closing Credit*
$699,000
2,291 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is Chester, 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, 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
$939,500
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$89,500(+10.5%)
Key Takeaway
Homes in Chester have sold for 10.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $511.9K | +62.5% |
| 3 Bedrooms | $683.7K | $750K | +9.7% |
| 4 Bedrooms | $862.5K | $949.5K | +10.1% |
| 5+ Bedrooms | $1.2M | $1.2M | +1.1% |
Summary: Chester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Chester Township | $850K | $949.5K | +11.7% |
| Chester | $850K | $939.5K | +10.5% |
Housing Supply in Chester, NJ
How many homes are available in Chester, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 47 | +6.8% |
Summary: The Chester real estate market had 47 homes for sale in October 2024, a 6.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
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 decreased by 50%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Chester in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% 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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