$6,828 Closing Credit*
$575,000
3,007 SqFt
5 Beds
•3 Full Baths
Ryan Sanford, Listing Office: RE/MAX Commonwealth
Is Chester, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$379,670
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,013(+6.8%)
Key Takeaway
Homes in Chester have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Chester was $379,670 in November 2024, up 6.8% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $332K | $285K | -14.2% |
| 3 Bedrooms | $329.6K | $341.4K | +3.6% |
| 4 Bedrooms | $387.2K | $407K | +5.1% |
| 5+ Bedrooms | $462.5K | $501.7K | +8.5% |
Summary: Chester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Colonial Heights | $265K | $293K | +10.6% |
| Hopewell | $215K | $230K | +7.0% |
| Chester | $355.6K | $379.6K | +6.8% |
| Bermuda | $349.7K | $370K | +5.8% |
| Dale | $330K | $345.6K | +4.7% |
Housing Supply in Chester, VA
How many homes are available in Chester, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 247 | 239 | -3.2% |
Summary: The Chester real estate market had 239 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 98 | 97 | -1.0% |
| 4 Bedrooms | 93 | 91 | -2.2% |
| 5+ Bedrooms | 45 | 43 | -4.4% |
Summary: The Chester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 4.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 55 | +1.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 55 homes were sold or pending in Chester in November 2024, up by 1.9% month-over-month. Of the 55 sold homes, 22% were sold under asking, 45% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 26 Days | -10.0% |
Summary: Homes in Chester had an average of 26 days on market in Nov 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
12 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 November 2024, 55 homes were sold in Chester; 75% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX 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. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.