Is Chesterfield, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chesterfield has remained a Seller's Market.
Key Takeaway
Chesterfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chesterfield, VA
How much do homes in Chesterfield, VA cost?
Median Sold Price
$442,070
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chesterfield have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Chesterfield was $442,070 in May 2024, up 2.2% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | - | N/A |
| 2 Bedrooms | $300K | $348.1K | +16.1% |
| 3 Bedrooms | $330K | $330K | 0.0% |
| 4 Bedrooms | $449.5K | $486.3K | +8.2% |
| 5+ Bedrooms | $627.4K | $620K | -1.2% |
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 increased by 16.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Clover Hill | $335K | $365K | +8.9% |
| Dale | $325K | $340K | +4.6% |
| Chester | $350K | $362.5K | +3.6% |
| Matoaca | $441.2K | $451.3K | +2.3% |
| Chesterfield | $432.3K | $442K | +2.2% |
Housing Supply in Chesterfield, VA
How many homes are available in Chesterfield, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 293 | 286 | -2.4% |
Summary: The Chesterfield real estate market had 286 homes for sale in May 2024, a 2.4% decrease 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 82 | 76 | -7.3% |
| 4 Bedrooms | 132 | 125 | -5.3% |
| 5+ Bedrooms | 78 | 83 | +6.4% |
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 decreased by 7.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 6.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 88 | +31.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesterfield, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 88 homes were sold or pending in Chesterfield in May 2024, up by 31.3% month-over-month. Of the 88 sold homes, 22% were sold under asking, 28% were sold at asking, and 50% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 28 Days | -14.0% |
Summary: Homes in Chesterfield had an average of 28 days on market in May 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chesterfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 88 homes were sold in Chesterfield; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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