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.
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
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
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
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.