Is Chestnut Hill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Chestnut Hill was a Buyer's Market.
Key Takeaway
Chestnut Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chestnut Hill, MA
How much do homes in Chestnut Hill, MA cost?
Median Sold Price
$1,300,000
$601/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Chestnut Hill has remained the same since last year.
Summary: The median home sold price in Chestnut Hill was $1,300,000 in March 2024, up 0.4% from last year, and the median price per square foot was $601.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427K | $415K | -2.8% |
| 2 Bedrooms | $560K | $725K | +29.5% |
| 3 Bedrooms | $1.5M | $1.4M | -7.2% |
| 4 Bedrooms | $1.4M | $1.9M | +30.3% |
| 5+ Bedrooms | $2.6M | $2.5M | -1.7% |
Summary: Chestnut Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 29.5%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Newton Center | $1.5M | $1.7M | +12.5% |
| Newton | $1.3M | $1.4M | +9.8% |
| Brookline | $1.1M | $1.2M | +9.6% |
| Boston | $778.6K | $803.9K | +3.3% |
| Chestnut Hill | $1.2M | $1.3M | 0.4% |
Housing Supply in Chestnut Hill, MA
How many homes are available in Chestnut Hill, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 58 | +20.8% |
Summary: The Chestnut Hill real estate market had 58 homes for sale in March 2024, a 20.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 2 | 9 | +350.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Chestnut Hill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 350%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 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. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Chestnut Hill in March 2024, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 32 Days | -39.0% |
Summary: Homes in Chestnut Hill had an average of 32 days on market in Mar 2024, down by 39% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 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 March 2024, 11 homes were sold in Chestnut Hill; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
