Is Chestnut Hill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in Chestnut Hill, MA
How much do homes in Chestnut Hill, MA cost?
Median Sold Price
$1,250,000
$589/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Chestnut Hill have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Chestnut Hill was $1,250,000 in June 2024, down 1.2% from last year, and the median price per square foot was $589.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $431.5K | +10.6% |
| 2 Bedrooms | $555K | $700K | +26.1% |
| 3 Bedrooms | $1.4M | $1.3M | -6.4% |
| 4 Bedrooms | $1.5M | $1.9M | +26.2% |
| 5+ Bedrooms | $2.7M | $2.5M | -7.4% |
Summary: Chestnut Hill housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 26.1%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Newton Center | $1.6M | $1.7M | +12.0% |
| Newton | $1.3M | $1.4M | +6.9% |
| Boston | $780.4K | $806.1K | +3.3% |
| Brookline | $1.1M | $1.1M | -0.8% |
| Chestnut Hill | $1.2M | $1.2M | -1.2% |
Housing Supply in Chestnut Hill, MA
How many homes are available in Chestnut Hill, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 92 | 85 | -7.6% |
Summary: The Chestnut Hill real estate market had 85 homes for sale in June 2024, a 7.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 10 | -23.1% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The Chestnut Hill housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestnut Hill, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Chestnut Hill in June 2024, up by 6.7% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 33 Days | 29 Days | -14.4% |
Summary: Homes in Chestnut Hill had an average of 29 days on market in Jun 2024, down by 14.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chestnut Hill are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 16 homes were sold in Chestnut Hill; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
