Is Chester, NY 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, Chester has remained a Buyer's Market.
Key Takeaway
Chester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chester, NY
How much do homes in Chester, NY cost?
Median Sold Price
$500,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chester have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Chester was $500,000 in May 2024, up 7.5% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | $167.7K | -1.9% |
| 2 Bedrooms | $260K | $279K | +7.3% |
| 3 Bedrooms | $380K | $437K | +15.0% |
| 4 Bedrooms | $580K | $585K | +0.9% |
| 5+ Bedrooms | $575K | $515K | -10.4% |
Summary: Chester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 10.4%.
Housing Supply in Chester, NY
How many homes are available in Chester, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 71 | +18.3% |
Summary: The Chester real estate market had 71 homes for sale in May 2024, a 18.3% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 26 | 33 | +26.9% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Chester 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Chester in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +19.0% |
Summary: Homes in Chester had an average of 34 days on market in May 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chester has remained consistent over time.
Summary: During May 2024, 8 homes were sold in Chester; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.