Is Chester West, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chester West is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Chester West has remained a Seller's Market.

Key Takeaway

Chester West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chester West, SC

How much do homes in Chester West, SC cost?

Median Sold Price

$270,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+8.0%)

Key Takeaway

Homes in Chester West have sold for 8% more than they did a year ago.

Summary: The median home sold price in Chester West was $270,000 in October 2024, up 8% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $261.2K$318.5K
+21.9%
3 $239K$270K
+13.0%
4 $275K-
N/A
5+ --
N/A

Summary: Chester West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 13%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Chester West, SC

How many homes are available in Chester West, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1210-16.7%

Summary: The Chester West real estate market had 10 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 109
-10.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Chester West 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 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chester West, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Chester West in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Chester West, SC

How long does it take to sell a home in Chester West, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days79 Days+318.4%

Summary: Homes in Chester West had an average of 79 days on market in Oct 2024, up by 318.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chester West are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Chester West; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Chester West, SC

Nearby Markets to Chester West, SC