Is Chesterfield County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chesterfield County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Chesterfield County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Chesterfield County, VA

How much do homes in Chesterfield County, VA cost?

Median Sold Price

$411,887

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,318(+5.7%)

Key Takeaway

Homes in Chesterfield County have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Chesterfield County was $411,887 in November 2024, up 5.7% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $180K$224K
+24.4%
2 $297.3K$311K
+4.6%
3 $335.1K$356.3K
+6.3%
4 $425K$450.3K
+6.0%
5+ $615K$634.8K
+3.2%

Summary: Chesterfield County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Counties

Henrico County
+9.2%
Charles City County
+6.3%
Chesterfield County
+5.7%
Prince George County
+5.5%
Dinwiddie County
+4.6%

Housing Supply in Chesterfield County, VA

How many homes are available in Chesterfield County, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,7411,647-5.4%

Summary: The Chesterfield County real estate market had 1,647 homes for sale in November 2024, a 5.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1116
+45.5%
2 128118
-7.8%
3 695685
-1.4%
4 621559
-10.0%
5+ 286269
-5.9%

Summary: The Chesterfield County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45.5%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
458374-18.3%

Asking Price vs. Sold Price

112 Homes Were Sold
Under Asking

117 Homes Were Sold
At Asking

143 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chesterfield County, you could pay more than the asking price. 38.4% of homes here sold above asking price last month.

Summary: A total of 374 homes were sold or pending in Chesterfield County in November 2024, down by 18.3% month-over-month. Of the 372 sold homes, 30% were sold under asking, 31% were sold at asking, and 38% were sold over asking.

Days on Market for Chesterfield County, VA

How long does it take to sell a home in Chesterfield County, VA?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days33 Days+40.0%

Summary: Homes in Chesterfield County had an average of 33 days on market in Nov 2024, up by 40% compared to last year.

Breakdown of Home Sale Times

259 Homes Were Sold
Under 30 Days

88 Homes Were Sold
In 30 - 90 Days

25 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 374 homes were sold in Chesterfield County; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Chesterfield County, VA

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