Is Chester, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chester was a Seller's Market.
Housing Prices in Chester, SC
How much do homes in Chester, SC cost?
Median Sold Price
$212,450
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chester was $212,450 in May 2024, up 21.4% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $32.4K | N/A |
2 Bedrooms | $114.2K | $134K | +17.3% |
3 Bedrooms | $186K | $220K | +18.3% |
4 Bedrooms | $243K | $267K | +9.9% |
5+ Bedrooms | $280K | $245K | -12.5% |
Summary: Chester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 12.5%.
Housing Supply in Chester, SC
How many homes are available in Chester, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 86 | +4.9% |
Summary: The Chester real estate market had 86 homes for sale in May 2024, a 4.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 18 | 13 | -27.8% |
3 Bedrooms | 55 | 60 | +9.1% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 9 | -43.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Chester in May 2024, down by 43.8% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Chester, SC
How long does it take to sell a home in Chester, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 25 Days | +22.3% |
Summary: Homes in Chester had an average of 25 days on market in May 2024, up by 22.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Chester; 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.