$10,000 Closing Credit*
$1,125,000
2,214 SqFt
4 Beds
•1 Full Bath, 1 Partial
#73312941, Rosemary Kelleher, Listing Office: LAER Realty Partners
Is Chestnut Hill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Chestnut Hill was a Seller's 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
$1,300,000
$602/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,500(+1.3%)
Key Takeaway
Homes in Chestnut Hill have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Chestnut Hill was $1,300,000 in October 2024, up 1.3% from last year, and the median price per square foot was $602.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $428K | +3.1% |
| 2 Bedrooms | $570K | $792.5K | +39.0% |
| 3 Bedrooms | $1.4M | $1.2M | -10.3% |
| 4 Bedrooms | $1.8M | $1.7M | -8.1% |
| 5+ Bedrooms | $2.5M | $2.6M | +3.5% |
Summary: Chestnut Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 39%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Newton Center | $1.6M | $1.8M | +13.5% |
| Newton | $1.4M | $1.4M | +6.4% |
| Boston | $788.9K | $815.9K | +3.4% |
| Chestnut Hill | $1.2M | $1.3M | +1.3% |
| Brookline | $1.1M | $1.1M | -1.6% |
Housing Supply in Chestnut Hill, MA
How many homes are available in Chestnut Hill, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 78 | +9.9% |
Summary: The Chestnut Hill real estate market had 78 homes for sale in October 2024, a 9.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 26 | 33 | +26.9% |
Summary: The Chestnut Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 26.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 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. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Chestnut Hill in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 57 Days | +17.8% |
Summary: Homes in Chestnut Hill had an average of 57 days on market in Oct 2024, up by 17.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 11 homes were sold in Chestnut Hill; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
