Living in Chesterfield, VA
Chesterfield is a vibrant suburb of Richmond, Virginia, known for its family-friendly atmosphere and excellent schools. The area features a mixture of urban conveniences and beautiful natural landscapes, making it a desirable place to live. With a variety of parks, shopping centers, and community events, Chesterfield offers a high quality of life for its residents.
Current Market Conditions in Chesterfield, VA
The real estate market in Chesterfield, VA, is currently experiencing steady growth, with an increase in home prices driven by high demand for housing. The area's family-friendly reputation and great schools attract many buyers, particularly families. Although inventory levels are still tight, homes are selling quickly, showcasing the competitive nature of the market. Recent trends also indicate a preference for single-family homes with larger yards, as buyers prioritize space during their home search.
Chesterfield's real estate market has shown resilience even during economic fluctuations, reflecting the area's attractiveness and potential for appreciation. With developments underway, such as new residential neighborhoods and commercial spaces, the area is poised for continued growth, appealing to both buyers and investors.
Home Value Estimator For Chesterfield, VA
There are currently 21,263 real estate properties
in Chesterfield, VA,
with a median automated valuation model (AVM) price
of $423,286.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Chesterfield, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Chesterfield, VA,
is $465,061.00, with the most expensive house
in Chesterfield, VA, topping out
at $45,507,648.00 and the cheapest home
in Chesterfield, VA,
clocking in at $10,022.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Chesterfield, VA!
Rent Prices
In Chesterfield, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Chesterfield, VA, is on
a rollercoaster ride. The
average rent price in Chesterfield, VA,
is $1,806.00. Indeed, when looking to rent in
Chesterfield, VA, you can expect to pay as little
as $810.00 or as much
as $5,880.00,
with the average rent median estimated to
be $1,700.00. The good news is that finding
an affordable and desirable property to rent in Chesterfield, VA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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