CHESTER HOUSING MARKET DATA

There was a decrease in total units sold in August, with 61 sold this month in Chester Real Estate versus 63 last month, a decrease of 3%. This month's total units sold was higher than at this time last year, an increase of 13% versus August 2024.

Versus last year, the total number of homes available this month is lower by 24 units or 16%. The total number of active inventory this August was 124 compared to 148 in August 2024. This month's total of 124 is lower than the previous month's total supply of available inventory of 141, a decrease of 12%.

Last August, the median sale price for Chester Homes was $408,500. This August, the median sale price was $400,000, a decrease of 2% or $8,500 compared to last year. The current median sold price is 3% higher than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 2.0 months of supply available in Chester, compared to 2.7 in August 2024. That is a decrease of 26% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 68 homes newly listed for sale in Chester compared to 92 in August 2024, a decrease of 26%. There were 69 current contracts pending sale this August compared to 64 a year ago. The number of current contracts is 8% higher than last August.

In August, the average sale price in Chester was 99.6% of the average list price, which is 1.0% lower than at this time last year.

This month, the average number of days on market was 31, higher than the average last year, which was 30, an increase of 3%.





FOCUS ON: CHESTER HOUSING MARKET			AUGUST 2025

Zip Code(s): 23831 and 23836
Units Sold 61	Active Inventory 124	Median Sale Price $400,000	Days On Market 31

Up 13% Vs. Year Ago	Down -16% Vs. Year Ago	Down -2% Vs. Year Ago	Up 3% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 61 sold this month in Chester Real Estate versus 63 last month, a decrease of 3%. This month's total units sold was higher than at this time last year, an increase of 13% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 24 units or 16%. The total number of active inventory this August was 124 compared to 148 in August 2024. This month's total of 124 is lower than the previous month's total supply of available inventory of 141, a decrease of 12%.
		Median Sale Price Last August, the median sale price for Chester Homes was $408,500. This August, the median sale price was $400,000, a decrease of 2% or $8,500 compared to last year. The current median sold price is 3% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 68	Current Contracts 69	Sold Vs. List Price 99.6%	Months of Supply 2.0

Down -26% Vs. Year Ago	Up 8% Vs. Year Ago	Down -1% Vs. Year Ago	Down -26% Vs. Year Ago


		Months of Supply In August, there was 2.0 months of supply available in Chester, compared to 2.7 in August 2024. That is a decrease of 26% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 68 homes newly listed for sale in Chester compared to 92 in August 2024, a decrease of 26%. There were 69 current contracts pending sale this August compared to 64 a year ago. The number of current contracts is 8% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Chester was 99.6% of the average list price, which is 1.0% lower than at this time last year. Days on Market This month, the average number of days on market was 31, higher than the average last year, which was 30, an increase of 3%.


	Chester are defined as properties listed in zip code/s 23831 and 23836.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc.