$2,945 Closing Credit*
$248,000
1,032 SqFt
3 Beds
•1 Full Bath
Senol Onal, Listing Office: RE/MAX Properties - Newtown
Is Chestnut Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Chestnut Park was a Seller's Market.
Key Takeaway
Chestnut Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chestnut Park, NJ
How much do homes in Chestnut Park, NJ cost?
Median Sold Price
$184,950
$170/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$11,450(+6.6%)
Key Takeaway
Homes in Chestnut Park have sold for 6.6% more than they did a month ago.
Summary: The median home sold price in Chestnut Park was $184,950 in November 2024, up 6.6% from last month, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $161K | - | N/A |
| 3 Bedrooms | $172.5K | $184.9K | +7.2% |
| 4 Bedrooms | $230K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Chestnut Park housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Chestnut Park | $173.5K | $184.9K | +6.6% |
| Franklin Park | $250K | $232K | -7.2% |
Housing Supply in Chestnut Park, NJ
How many homes are available in Chestnut Park, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Summary: The Chestnut Park real estate market had 15 homes for sale in November 2024, a 21.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chestnut Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestnut Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Chestnut Park in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Chestnut Park, NJ
How long does it take to sell a home in Chestnut Park, NJ?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 15 Days | -34.8% |
Summary: Homes in Chestnut Park had an average of 15 days on market in Nov 2024, down by 34.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chestnut Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Chestnut Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
