Is Chester Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chester Township was a Seller's Market.
Housing Prices in Chester Township, NJ
How much do homes in Chester Township, NJ cost?
Median Sold Price
$971,000
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | - | N/A |
2 Bedrooms | $315K | $367.5K | +16.7% |
3 Bedrooms | $605K | $710K | +17.4% |
4 Bedrooms | $800K | $950K | +18.8% |
5+ Bedrooms | $1.3M | $1.3M | +5.7% |
Summary: Chester Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Chester | $750K | $980.5K | +30.7% |
Chester Township | $760K | $971K | +27.8% |
Peapack and Gladstone | $893.7K | $1.0M | +20.4% |
Mendham Township | $823K | $972K | +18.1% |
Housing Supply in Chester Township, NJ
How many homes are available in Chester Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 46 | +12.2% |
Summary: The Chester Township real estate market had 46 homes for sale in May 2024, a 12.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 25 | 23 | -8.0% |
5+ Bedrooms | 11 | 18 | +63.6% |
Summary: The Chester Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 63.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Chester Township in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Chester Township, NJ
We’re sorry, we don't have information for this market at the moment