$5,105 Closing Credit*
$429,900
2,596 SqFt
4 Beds
•3 Full Baths, 1 Partial
Tammy Johnson, Listing Office: Century 21 Adventure Redwood
Is Chester, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Chester has remained a Seller's Market.
Key Takeaway
Chester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chester, VA
How much do homes in Chester, VA cost?
Median Sold Price
$379,065
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,815(+7.0%)
Key Takeaway
Homes in Chester have sold for 7% more than they did a year ago.
Summary: The median home sold price in Chester was $379,065 in October 2024, up 7% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $332K | $255K | -23.2% |
| 3 Bedrooms | $330K | $340.3K | +3.1% |
| 4 Bedrooms | $381.7K | $408.9K | +7.1% |
| 5+ Bedrooms | $462.5K | $503.7K | +8.9% |
Summary: Chester 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 decreased by 23.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
| Colonial Heights | $256K | $295K | +15.2% |
| Hopewell | $212.7K | $228.8K | +7.6% |
| Chester | $354.2K | $379K | +7.0% |
| Dale | $325.6K | $348.6K | +7.0% |
| Bermuda | $346.5K | $370K | +6.8% |
Housing Supply in Chester, VA
How many homes are available in Chester, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 235 | 256 | +8.9% |
Summary: The Chester real estate market had 256 homes for sale in October 2024, a 8.9% 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 | 14 | 12 | -14.3% |
| 3 Bedrooms | 88 | 103 | +17.0% |
| 4 Bedrooms | 89 | 92 | +3.4% |
| 5+ Bedrooms | 44 | 49 | +11.4% |
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 14.3%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 51 | -15.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester, expect to pay close to the asking price. 38% of homes here sold near the asking price last month.
Summary: A total of 51 homes were sold or pending in Chester in October 2024, down by 15.0% month-over-month. Of the 50 sold homes, 32% were sold under asking, 38% were sold at asking, and 30% were sold over asking.
Days on Market for Chester, VA
How long does it take to sell a home in Chester, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 27 Days | +53.5% |
Summary: Homes in Chester had an average of 27 days on market in Oct 2024, up by 53.5% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 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, 51 homes were sold in Chester; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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