Is Chester, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chester has remained a Buyer's Market.
Housing Prices in Chester, NY
How much do homes in Chester, NY cost?
Median Sold Price
$485,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chester was $485,000 in April 2024, up 0.5% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $171K | $167.7K | -1.9% |
2 Bedrooms | $260K | $277K | +6.5% |
3 Bedrooms | $396.7K | $415K | +4.6% |
4 Bedrooms | $582.5K | $585K | 0.4% |
5+ Bedrooms | $602K | $515K | -14.5% |
Summary: Chester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 14.5%.
Housing Supply in Chester, NY
How many homes are available in Chester, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 65 | +18.2% |
Summary: The Chester real estate market had 65 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 25 | 31 | +24.0% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Chester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Chester in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Chester, NY
How long does it take to sell a home in Chester, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
77 Days | 41 Days | -46.9% |
Summary: Homes in Chester had an average of 41 days on market in Apr 2024, down by 46.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Chester; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.