$5,250,000
7,163 SqFt
6 Beds
•4 Full Baths, 2 Partial
#73319998, Jamie Genser, Listing Office: Coldwell Banker Realty - Brookline
Is Chestnut Hill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,300,000
$606/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Chestnut Hill has remained the same since last year.
Summary: The median home sold price in Chestnut Hill was $1,300,000 in November 2024, the same as last year, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $383.5K | $431.5K | +12.5% |
| 2 Bedrooms | $586K | $775K | +32.3% |
| 3 Bedrooms | $1.4M | $1.2M | -10.5% |
| 4 Bedrooms | $1.8M | $1.6M | -10.6% |
| 5+ Bedrooms | $2.4M | $2.7M | +10.7% |
Summary: Chestnut Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 32.3%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Newton Center | $1.6M | $1.8M | +11.1% |
| Newton | $1.3M | $1.5M | +7.8% |
| Boston | $789.7K | $819K | +3.7% |
| Chestnut Hill | $1.3M | $1.3M | 0.0% |
| Brookline | $1.1M | $1.1M | -3.5% |
Housing Supply in Chestnut Hill, MA
How many homes are available in Chestnut Hill, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 53 | -24.3% |
Summary: The Chestnut Hill real estate market had 53 homes for sale in November 2024, a 24.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 16 | 10 | -37.5% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 29 | 24 | -17.2% |
Summary: The Chestnut Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 17.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestnut Hill, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Chestnut Hill in November 2024, down by 28.6% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 23 Days | -44.4% |
Summary: Homes in Chestnut Hill had an average of 23 days on market in Nov 2024, down by 44.4% 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 November 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.
