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Featured local agent — Chester, MD
Sarah Mitchell
Compass Real Estate · Chester, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Chester, MD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$482,450median sale price
How is the Chester, MD housing market right now?
The median home sale price in Chester, MD is $482,450, down 17.5% year-over-year. Homes sell in an average of 32 days with 54 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Chester a buyer's or seller's market?
Chester, MD is currently a leaning buyer's, based on 6.8 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
32
Average pace
Active listings
54
6.8 months supply
Sale-to-list
99.1%
Below asking
What does the Chester housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $482,450 |
| Median list price | $644,950 |
| Year-over-year price change | -17.5% |
| Average days on market | 32 days |
| Active inventory | 54 listings |
| Months of supply | 6.8 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $309/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 18 |
| Listings with a price cut | 37.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Chester by property type?
How the Chester, MD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $764,900 | $328/sq ft | 5 | 29 days |
| Condo / Co-op | $310,000 | $289/sq ft | 1 | 39 days |
| Townhouse | $385,500 | $295/sq ft | 2 | 61 days |
Source: Redfin · Updated monthly
The Chester housing market is currently classified as a leaning buyer's with a median sale price of $482,450. Prices have fallen 17.5% compared to last year, with homes spending an average of 32 days on market, indicating 6.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.9x provides context for how home values compare to local earning capacity.
Homes for sale in Chester
There are currently 54 homes listed for sale in Chester, Maryland. The median listing price is $645K.
Active listings
54
Homes on market
Median list price
$645K
Avg. days on market
32
Days until sale
New this week
18
Newly listed
Who lives in Chester?
Population
4,539
Median income
$90,938/yr
Median age
43.8 years
Owner-occupied
64.6%
College grads
37.6%
Avg commute
35.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Chester?
Zillow home value
$536,412
Zillow rent index
$2,267/mo
Price-to-rent ratio
19.7x
Price-to-income
5.9x
Source: Zillow Research
What is it like to live in Chester?
Chester is a community of approximately 5K residents with a median age of 43.8 years.The median household income is $90,938, which reflects a relatively affluent area with strong earning potential. 37.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 64.6%, showing a blend of owner and renter-occupied properties. The average commute time is 35.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Chester offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Chester, MD?
Want a head-to-head view? Compare Chester side-by-side with any other U.S. city using our market-comparison tool.
Is Chester a good real estate investment market?
For investors evaluating Chester, the price-to-rent ratio of 19.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 17.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Chester's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Chester's median home price.
Frequently asked questions
What is the average home price in Chester?
The median home sale price in Chester is $482,450, down 17.5% from last year.
How long do homes stay on market in Chester?
Homes typically spend 32 days on market before going under contract.
What is the median income in Chester?
The median household income is $90,938 per year.
Is Chester a buyer's or seller's market?
With 6.8 months of supply, Chester is currently a leaning buyer's.
What is the Zillow home value estimate for Chester?
The Zillow Home Value Index (ZHVI) for Chester is $536,412, representing the typical home value in the area.
What is the median condo price in Chester?
The median condo/co-op sale price in Chester, MD is $310,000, compared to $764,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Chester?
The median single-family home price in Chester, MD is $764,900 (about $328 per square foot).
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