Is Chestnut Hill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Chestnut Hill was a Seller's Market.
Key Takeaway
Chestnut Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chestnut Hill, MA
How much do homes in Chestnut Hill, MA cost?
Median Sold Price
$1,400,000
$597/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chestnut Hill have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Chestnut Hill was $1,400,000 in April 2024, up 14.3% from last year, and the median price per square foot was $597.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427K | $415K | -2.8% |
| 2 Bedrooms | $550K | $691.5K | +25.7% |
| 3 Bedrooms | $1.3M | $1.4M | +2.9% |
| 4 Bedrooms | $1.4M | $1.8M | +28.2% |
| 5+ Bedrooms | $2.5M | $2.5M | 0.2% |
Summary: Chestnut Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Chestnut Hill | $1.2M | $1.4M | +14.3% |
| Newton Center | $1.5M | $1.7M | +9.2% |
| Newton | $1.3M | $1.4M | +7.9% |
| Brookline | $1.1M | $1.2M | +6.2% |
| Boston | $776.2K | $807K | +4.0% |
Housing Supply in Chestnut Hill, MA
How many homes are available in Chestnut Hill, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 68 | +19.3% |
Summary: The Chestnut Hill real estate market had 68 homes for sale in April 2024, a 19.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 6 | 14 | +133.3% |
| 5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Chestnut Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestnut Hill, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Chestnut Hill in April 2024, down by 16.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 21 Days | +15.5% |
Summary: Homes in Chestnut Hill had an average of 21 days on market in Apr 2024, up by 15.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 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 April 2024, 10 homes were sold in Chestnut Hill; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
