Blake and Ali Poore Team

Chesterfield, VA

Single-Family Homes

Compass



Chesterfield, VA

Tue Aug 09 2022
This week the median list price for Chesterfield, VA is $524,515 with the market action index hovering around 78. This is less than last month's market action index of 83. Inventory has increased to 70. Click here to stay informed with the Chesterfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Chesterfield, VA

Tue Aug 09 2022
This week the median list price for Chesterfield, VA is $524,515 with the market action index hovering around 78. This is less than last month's market action index of 83. Inventory has increased to 70. Click here to stay informed with the Chesterfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Chesterfield market.
Median List Price $524,515
Median Price of New Listings $500,000
Per Square Foot $184
Average Days on Market 39
Median Days on Market 21
Price Decreased 30%
Price Increased 10%
Relisted 1%
Inventory 70
Median Rent
Market Action 78
Strong Seller's Market

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$739,990 4,020 1 - 2.5 acres 5 4.5 8 4 2 35
$619,950 2,991 1 - 2.5 acres 4 2.5 3 4 1 21
$494,500 2,701 0.25 - 0.5 acre 4 2.5 4 5 6 14
$312,499 1,644 0.25 - 0.5 acre 4 2.5 35 6 6 21