Is Chesterfield, VA 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, Chesterfield has remained a Seller's Market.
Housing Prices in Chesterfield, VA
How much do homes in Chesterfield, VA cost?
Median Sold Price
$432,350
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chesterfield was $432,350 in April 2024, up 2.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122K | - | N/A |
2 Bedrooms | $260.2K | $348K | +33.7% |
3 Bedrooms | $315K | $329.9K | +4.8% |
4 Bedrooms | $433.3K | $483.6K | +11.6% |
5+ Bedrooms | $585K | $615.9K | +5.3% |
Summary: Chesterfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Clover Hill | $334.8K | $361.2K | +7.9% |
Dale | $320K | $339.6K | +6.1% |
Chesterfield | $420.2K | $432.3K | +2.9% |
Matoaca | $437.9K | $450K | +2.8% |
Chester | $351.1K | $359.9K | +2.5% |
Housing Supply in Chesterfield, VA
How many homes are available in Chesterfield, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
244 | 261 | +7.0% |
Summary: The Chesterfield real estate market had 261 homes for sale in April 2024, a 7.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 79 | 79 | 0.0% |
4 Bedrooms | 115 | 117 | +1.7% |
5+ Bedrooms | 47 | 64 | +36.2% |
Summary: The Chesterfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 36.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 64 | +1.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Chesterfield in April 2024, up by 1.6% month-over-month. Of the 63 sold homes, 19% were sold under asking, 24% were sold at asking, and 57% were sold over asking.
Days on Market for Chesterfield, VA
How long does it take to sell a home in Chesterfield, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 22 Days | +16.5% |
Summary: Homes in Chesterfield had an average of 22 days on market in Apr 2024, up by 16.5% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 64 homes were sold in Chesterfield; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.