Is Chestnut Hill, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chestnut Hill is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Chestnut Hill has remained a Seller's Market.

Key Takeaway

Chestnut Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Chestnut Hill, MA cost?

Median Sold Price

$1,256,000

$536/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$22,500(+1.8%)

Key Takeaway

Homes in Chestnut Hill have sold for 1.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $400K$412.5K
+3.1%
2 $550K$531.2K
-3.4%
3 $1.2M$1.2M
+7.6%
4 $1.7M$1.6M
-2.9%
5+ $2.2M$2.4M
+10.4%

Median Sold Price Compared To Nearby Cities

Brookline
+11.2%
Newton
+7.2%
Boston
+6.2%
Newton Center
+5.7%
Chestnut Hill
+1.8%

How many homes are available in Chestnut Hill, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
4132-22.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 54
-20.0%
2 119
-18.2%
3 75
-28.6%
4 86
-25.0%
5+ 108
-20.0%

Number of Homes Sold

Oct 2022Nov 2022%
11110.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chestnut Hill, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
42 Days39 Days-5.8%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chestnut Hill are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Chestnut Hill, MA

Homes for sale in Chestnut Hill, MA have reached 32. Between October 2022 and November 2022, Chestnut Hill, MA real estate market has seen decrease in the number of listings by 22%. Listings spent 39 days on the market in November 2022, and had a median list price of $1,256,000 during the same period. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 3.1%, prices of 2 bedrooms properties went down by 3.4%, the cost of 3 bedrooms properties went up by 7.6%, prices of 4 bedrooms properties went down by 2.9%, the cost of 5 bedrooms properties went up by 10.4%. Housing inventory have changed in this real estate market: 1 bedroom homes became 20% less available, 2 bedrooms homes became 18.2% less available, the quantity of 3 bedrooms homes went down by 28.6%, 4 bedrooms homes inventory decreased by 25%, 5 bedrooms homes became 20% less available. Over 2 listings were sold over their listed price in November 2022 in Chestnut Hill, MA. In the same period over 7 listings were sold below the listed price and 2 listings were sold for the listed price.

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