Is Chesterfield, NJ 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, Chesterfield was a Neutral Market.
Housing Prices in Chesterfield, NJ
How much do homes in Chesterfield, NJ cost?
Median Sold Price
$657,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chesterfield was $657,500 in May 2024, up 7.8% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $319.4K | - | N/A |
3 Bedrooms | $450K | $442K | -1.8% |
4 Bedrooms | $677K | $697.5K | +3.0% |
5+ Bedrooms | $599K | $800K | +33.6% |
Summary: Chesterfield 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 did not change, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 33.6%.
Median Sold Price Compared To Nearby Cities
Bordentown Township | $340K | $390K | +14.7% |
Chesterfield Township | $609.5K | $657.5K | +7.9% |
Chesterfield | $610K | $657.5K | +7.8% |
Hamilton Township | $344K | $370K | +7.6% |
Mansfield Township | $396.5K | $350K | -11.7% |
Housing Supply in Chesterfield, NJ
How many homes are available in Chesterfield, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Summary: The Chesterfield real estate market had 26 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Chesterfield 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Chesterfield in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chesterfield, NJ
How long does it take to sell a home in Chesterfield, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 111 Days | +915.2% |
Summary: Homes in Chesterfield had an average of 111 days on market in May 2024, up by 915.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Chesterfield; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.