$6,519 Closing Credit*
$549,000
3 Beds
•1 Full Bath
Listing Office: WEICHERT REALTORS
Is Chester Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Chester Township was a Seller's Market.
Key Takeaway
Chester Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chester Township, NJ
How much do homes in Chester Township, NJ cost?
Median Sold Price
$950,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$85,000(+9.8%)
Key Takeaway
Homes in Chester Township have sold for 9.8% 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 | $488K | -21.9% |
| 3 Bedrooms | $650K | $749.9K | +15.4% |
| 4 Bedrooms | $865K | $949.5K | +9.8% |
| 5+ Bedrooms | $1.2M | $1.4M | +14.9% |
Summary: Chester Township 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 21.9%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Mendham Township | $867.5K | $1.1M | +29.7% |
| Chester Township | $865K | $950K | +9.8% |
| Chester | $865.9K | $937K | +8.2% |
| Peapack and Gladstone | $980K | $975K | -0.5% |
| Gladstone | $875K | $849K | -3.0% |
Housing Supply in Chester Township, NJ
How many homes are available in Chester Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 45 | -11.8% |
Summary: The Chester Township real estate market had 45 homes for sale in November 2024, a 11.8% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Chester Township 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 27.3%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
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 Township, 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 Township in November 2024, down by 36.4% 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 Township, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.