Is Chestnut Hill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Chestnut Hill was a Buyer's Market.
Key Takeaway
Chestnut Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chestnut Hill, MA
How much do homes in Chestnut Hill, MA cost?
Median Sold Price
$1,270,000
$638/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chestnut Hill have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Chestnut Hill was $1,270,000 in April 2024, up 6.3% from last year, and the median price per square foot was $638.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $522.5K | $545K | +4.3% |
| 2 Bedrooms | $825K | $833.5K | +1.0% |
| 3 Bedrooms | $1.3M | $1.5M | +15.4% |
| 4 Bedrooms | $1.9M | $1.9M | -0.5% |
| 5+ Bedrooms | $2.7M | $3.0M | +9.6% |
Summary: Chestnut Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Thompsonville | $1.3M | $1.6M | +22.4% |
| Chestnut Hill | $1.1M | $1.2M | +6.3% |
| Brookline Hills | $1.2M | $1.2M | -5.2% |
| South Brookline | $1.7M | $1.6M | -5.8% |
Housing Supply in Chestnut Hill, MA
How many homes are available in Chestnut Hill, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 48 | +11.6% |
Summary: The Chestnut Hill real estate market had 48 homes for sale in April 2024, a 11.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Chestnut Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestnut Hill, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Chestnut Hill in April 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 24 Days | +46.6% |
Summary: Homes in Chestnut Hill had an average of 24 days on market in Apr 2024, up by 46.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chestnut Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Chestnut Hill; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
