$6,530 Closing Credit*
$549,900
2,557 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Empower Real Estate
Is Lower Chelsea, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lower Chelsea was a Seller's Market.
Key Takeaway
Lower Chelsea is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Chelsea, NJ
How much do homes in Lower Chelsea, NJ cost?
Median Sold Price
$301,750
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,750(+13.9%)
Key Takeaway
Homes in Lower Chelsea have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Lower Chelsea was $301,750 in October 2024, up 13.9% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $205K | -4.7% |
| 2 Bedrooms | $367.5K | $380K | +3.4% |
| 3 Bedrooms | $420K | $517K | +23.1% |
| 4 Bedrooms | $649.9K | $1.0M | +57.7% |
| 5+ Bedrooms | $425K | $607.5K | +42.9% |
Summary: Lower Chelsea housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 57.7%, and 5+ bedroom homes increased by 42.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Chelsea | $150K | $180K | +20.0% |
| Lower Chelsea | $265K | $301.7K | +13.9% |
Housing Supply in Lower Chelsea, NJ
How many homes are available in Lower Chelsea, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 43 | +10.3% |
Summary: The Lower Chelsea real estate market had 43 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 17 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Lower Chelsea 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 increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Chelsea, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lower Chelsea in October 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Lower Chelsea, NJ
How long does it take to sell a home in Lower Chelsea, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 28 Days | -50.9% |
Summary: Homes in Lower Chelsea had an average of 28 days on market in Oct 2024, down by 50.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Chelsea are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Lower Chelsea; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.