$3,384 Closing Credit*
$285,000
1,084 SqFt
2 Beds
•1 Full Bath
Listing Office: Howard Hanna Rand Realty
Is Chester, NY 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, Chester was a Seller's Market.
Key Takeaway
Chester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chester, NY
How much do homes in Chester, NY cost?
Median Sold Price
$475,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,500(-3.6%)
Key Takeaway
Homes in Chester have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Chester was $475,000 in October 2024, down 3.6% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $190.5K | +12.1% |
| 2 Bedrooms | $266K | $284.9K | +7.1% |
| 3 Bedrooms | $440K | $409K | -7.0% |
| 4 Bedrooms | $609.5K | $580K | -4.8% |
| 5+ Bedrooms | $505K | $605K | +19.8% |
Summary: Chester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 19.8%.
Housing Supply in Chester, NY
How many homes are available in Chester, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 82 | +1.2% |
Summary: The Chester real estate market had 82 homes for sale in October 2024, a 1.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 35 | 34 | -2.9% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Chester 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 decreased by 13.3%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Chester in October 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Chester, NY
How long does it take to sell a home in Chester, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 59 Days | +75.1% |
Summary: Homes in Chester had an average of 59 days on market in Oct 2024, up by 75.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chester are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Chester; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.