Is Chestnut Hill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chestnut Hill was a Neutral Market.
Housing Prices in Chestnut Hill, MA
How much do homes in Chestnut Hill, MA cost?
Median Sold Price
$1,353,300
$597/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chestnut Hill was $1,353,300 in May 2024, up 9.4% from last year, and the median price per square foot was $597.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $421.5K | +5.4% |
2 Bedrooms | $542.5K | $691.5K | +27.5% |
3 Bedrooms | $1.4M | $1.3M | -6.9% |
4 Bedrooms | $1.4M | $1.9M | +29.9% |
5+ Bedrooms | $2.5M | $2.5M | +1.2% |
Summary: Chestnut Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 27.5%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
Newton Center | $1.5M | $1.7M | +15.6% |
Chestnut Hill | $1.2M | $1.3M | +9.4% |
Newton | $1.3M | $1.4M | +8.4% |
Brookline | $1.1M | $1.2M | +6.2% |
Boston | $776.6K | $808.9K | +4.1% |
Housing Supply in Chestnut Hill, MA
How many homes are available in Chestnut Hill, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 95 | +43.9% |
Summary: The Chestnut Hill real estate market had 95 homes for sale in May 2024, a 43.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 12 | +20.0% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 10 | 18 | +80.0% |
4 Bedrooms | 14 | 21 | +50.0% |
5+ Bedrooms | 17 | 30 | +76.5% |
Summary: The Chestnut Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 76.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Chestnut Hill in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 0% were sold at asking, and 54% were sold over asking.
Days on Market for Chestnut Hill, MA
How long does it take to sell a home in Chestnut Hill, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 37 Days | +74.3% |
Summary: Homes in Chestnut Hill had an average of 37 days on market in May 2024, up by 74.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Chestnut Hill; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.