$6,531 Closing Credit*
$550,000
1,824 SqFt
4 Beds
•2 Full Baths
Steven Christopher Mannion, Listing Office: Homestead Realty Company Inc
Is Chesterfield 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, Chesterfield Township was a Seller's Market.
Key Takeaway
Chesterfield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chesterfield Township, NJ
How much do homes in Chesterfield Township, NJ cost?
Median Sold Price
$699,500
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$53,600(+8.3%)
Key Takeaway
Homes in Chesterfield Township have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Chesterfield Township was $699,500 in November 2024, up 8.3% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $523K | +66.0% |
| 3 Bedrooms | $441K | $490K | +11.1% |
| 4 Bedrooms | $697K | $745K | +6.9% |
| 5+ Bedrooms | $875K | $992.5K | +13.4% |
Summary: Chesterfield 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 increased by 66%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Bordentown Township | $375K | $419K | +11.7% |
| Hamilton Township | $359.7K | $399.9K | +11.2% |
| Chesterfield Township | $645.9K | $699.5K | +8.3% |
| Chesterfield | $657.5K | $688K | +4.6% |
| Mansfield Township | $394.9K | $395K | 0.0% |
Housing Supply in Chesterfield Township, NJ
How many homes are available in Chesterfield Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Chesterfield Township real estate market had 20 homes for sale in November 2024, a 13.0% 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 | 3 | 2 | -33.3% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Chesterfield 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 33.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesterfield Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Chesterfield Township in November 2024, down by 75.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Chesterfield Township, NJ
How long does it take to sell a home in Chesterfield Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 10 Days | -42.3% |
Summary: Homes in Chesterfield Township had an average of 10 days on market in Nov 2024, down by 42.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chesterfield Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Chesterfield Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.