Is Chestnuthill Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chestnuthill Township has remained a Seller's Market.
Key Takeaway
Chestnuthill Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chestnuthill Township, PA
How much do homes in Chestnuthill Township, PA cost?
Median Sold Price
$329,950
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chestnuthill Township have sold for 10% more than they did a year ago.
Summary: The median home sold price in Chestnuthill Township was $329,950 in May 2024, up 10% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227.4K | $200K | -12.1% |
| 3 Bedrooms | $295.5K | $315K | +6.6% |
| 4 Bedrooms | $350K | $365K | +4.3% |
| 5+ Bedrooms | $300K | $587.5K | +95.8% |
Summary: Chestnuthill Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 95.8%.
Median Sold Price Compared To Nearby Cities
| Saylorsburg | $309.2K | $384.9K | +24.5% |
| Chestnuthill Township | $300K | $329.9K | +10.0% |
| Effort | $301K | $330K | +9.6% |
Housing Supply in Chestnuthill Township, PA
How many homes are available in Chestnuthill Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The Chestnuthill Township real estate market had 25 homes for sale in May 2024, a 7.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Chestnuthill Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestnuthill Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Chestnuthill Township in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Chestnuthill Township, PA
How long does it take to sell a home in Chestnuthill Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 6 Days | -86.9% |
Summary: Homes in Chestnuthill Township had an average of 6 days on market in May 2024, down by 86.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chestnuthill Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Chestnuthill Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
