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 buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Chestnut Hill was a Neutral Market.

Key Takeaway

Chestnut Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Chestnut Hill, MA

How much do homes in Chestnut Hill, MA cost?

Median Sold Price

$1,353,300

$597/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$116,300(+9.4%)

Key Takeaway

Homes in Chestnut Hill have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Chestnut Hill was $1,353,300 in May 2024, up 9.4% from last year, and the median price per square foot was $597.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $400K$421.5K
+5.4%
2 $542.5K$691.5K
+27.5%
3 $1.4M$1.3M
-6.9%
4 $1.4M$1.9M
+29.9%
5+ $2.5M$2.5M
+1.2%

Summary: Chestnut Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 27.5%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Cities

Newton Center
+15.6%
Chestnut Hill
+9.4%
Newton
+8.4%
Brookline
+6.2%
Boston
+4.1%

Housing Supply in Chestnut Hill, MA

How many homes are available in Chestnut Hill, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6695+43.9%

Summary: The Chestnut Hill real estate market had 95 homes for sale in May 2024, a 43.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1012
+20.0%
2 1514
-6.7%
3 1018
+80.0%
4 1421
+50.0%
5+ 1730
+76.5%

Summary: The Chestnut Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 76.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chestnut Hill, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Chestnut Hill in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 0% were sold at asking, and 54% 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

May 2023May 2024CHANGE
21 Days37 Days+74.3%

Summary: Homes in Chestnut Hill had an average of 37 days on market in May 2024, up by 74.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During May 2024, 13 homes were sold in Chestnut Hill; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

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

Report Updated 16 Days Ago

Newest Listings in Chestnut Hill, MA

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