Is Chestnut Hill, PA 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 Seller's Market.
Housing Prices in Chestnut Hill, PA
How much do homes in Chestnut Hill, PA cost?
Median Sold Price
$722,450
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chestnut Hill was $722,450 in March 2024, up 3.2% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $895K | - | N/A |
2 Bedrooms | $1.0M | $357.5K | -65.9% |
3 Bedrooms | $500K | $545K | +9.0% |
4 Bedrooms | $890K | $880.5K | -1.1% |
5+ Bedrooms | $1.2M | $1.2M | -0.6% |
Summary: Chestnut Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 65.9%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Neighborhoods
Wyndmoor | $452.9K | $487.5K | +7.6% |
Andorra | $403K | $425K | +5.5% |
Mount Airy | $377.9K | $395K | +4.5% |
Chestnut Hill | $700K | $722.4K | +3.2% |
Germantown / Chestnut Hill | $313.6K | $294.6K | -6.1% |
Housing Supply in Chestnut Hill, PA
How many homes are available in Chestnut Hill, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 50 | -3.8% |
Summary: The Chestnut Hill real estate market had 50 homes for sale in March 2024, a 3.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 16 | 14 | -12.5% |
5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Chestnut Hill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Chestnut Hill in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chestnut Hill, PA
How long does it take to sell a home in Chestnut Hill, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 45 Days | +11.9% |
Summary: Homes in Chestnut Hill had an average of 45 days on market in Mar 2024, up by 11.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Chestnut Hill; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.