$3,551 Closing Credit*
$299,000
1,400 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: GRACE PROPERTIES
Is Lower Chelsea, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Lower Chelsea has remained a Seller's Market.
Key Takeaway
Lower Chelsea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Chelsea, NJ
How much do homes in Lower Chelsea, NJ cost?
Median Sold Price
$325,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$64,500(+24.8%)
Key Takeaway
Homes in Lower Chelsea have sold for 24.8% more than they did a year ago.
Summary: The median home sold price in Lower Chelsea was $325,000 in December 2024, up 24.8% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $213K | +13.6% |
| 2 Bedrooms | $405.7K | $355K | -12.5% |
| 3 Bedrooms | $425K | $499K | +17.4% |
| 4 Bedrooms | $399.7K | $1.0M | +156.4% |
| 5+ Bedrooms | $549K | $575K | +4.7% |
Summary: Lower Chelsea housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 156.4%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Lower Chelsea | $260.5K | $325K | +24.8% |
| Chelsea | $165K | $181K | +9.7% |
Housing Supply in Lower Chelsea, NJ
How many homes are available in Lower Chelsea, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Summary: The Lower Chelsea real estate market had 46 homes for sale in December 2024, a 9.5% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 16 | +23.1% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Lower Chelsea housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were 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. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lower Chelsea in December 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 34 Days | 53 Days | +55.4% |
Summary: Homes in Lower Chelsea had an average of 53 days on market in Dec 2024, up by 55.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lower Chelsea are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 8 homes were sold in Lower Chelsea; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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. © 2025 SJSR MLS. All rights reserved.