Key Numbers That Define January 2026 in Chester, NJ

Closed sales reached 15, revealing an active winter market when many expect it to be slower. What stands out is a median sale price of $831,500 and an average sale price ticking up to $869,000. For sellers, this highlights the strength of pricing and negotiation in a well-positioned property. The typical duration a home stayed available—median days on market—was just 34, showing swift buyer decisions.

Buyers faced list-to-sale price ratios at 98.6 percent, nearly matching asking price. This stat signals that homes priced correctly move quickly. Most homes sold between $500,000 and $1,200,000, with none under $400,000, reinforcing Chester, NJ as a competitive market. The absorption rate reached an impressive 85 percent, indicating the majority of listings found buyers rapidly.

Buyer and Seller Takeaways for Chester, NJ

Chester, NJ continues to thrive, with buyers needing preapproval and quick decision making due to active listings filling and new inventory limited to just 12 new entries in January. That is why buyers focused on "is it a good time to buy in Chester, NJ?" must stay ready as competitive offers leave little room for negotiation.

• Median price per square foot stood at $325, impacting value assessments for both sides.
• Approximately 22 percent of January closed deals were cash sales, a sign of qualification and serious interest.
• Mortgage rates averaged 6.1 percent, increasing monthly payment considerations and driving urgency for well-funded buyers.

Sellers in Chester, NJ see just two price reductions and a withdrawal rate of 11.7 percent, reminding all to set realistic expectations and time listings well. How to sell your house fast in Chester, NJ? It often comes down to expert guidance and understanding each metric.

Market Trends and Opportunities in January 2026

Many are asking about the sharp median pending time of 10 days. This creates a fast-paced landscape where preparation is everything. With current Chester, NJ housing opportunities, the value of a responsive strategy cannot be overstated.

Understanding Local Financial Impact

Property taxes averaged $16,500 per year on sales. HOA fees, where applicable, ranged from $0 to $125 per month. Keeping these factors in mind will help buyers and sellers evaluate full ownership costs and net proceeds, making their moves more strategic in January 2026.

The Rental Factor in Chester, NJ for January 2026

Rental data this month is minimal, with a single two-bedroom listing at $2,850 per month. This low availability signals a persistent focus on for-sale inventory rather than rentals. Renters hoping for broad choices may need to expand their search or monitor the market closely for new opportunities.

For those evaluating home sales trends in Chester, NJ, partnering with a trusted advisor this season ensures you tap into relevant numbers and local perspective. Denise Hoebee is ready to guide you through every data point and help navigate offers and negotiations. Reach out today for guidance and personal strategies that match your timeline and goals.