$8,016 Closing Credit*
$675,000
1,520 SqFt
3 Beds
•2 Full Baths, 1 Partial
Janice Manzi, Listing Office: Elfant Wissahickon-Chestnut Hill
Is Chestnut Hill, PA 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 Buyer'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, PA
How much do homes in Chestnut Hill, PA cost?
Median Sold Price
$722,500
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,500(+7.0%)
Key Takeaway
Homes in Chestnut Hill have sold for 7% more than they did a year ago.
Summary: The median home sold price in Chestnut Hill was $722,500 in October 2024, up 7% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $899.7K | $320K | -64.4% |
| 2 Bedrooms | $560K | $585K | +4.5% |
| 3 Bedrooms | $515K | $494.2K | -4.0% |
| 4 Bedrooms | $650K | $1.3M | +101.9% |
| 5+ Bedrooms | $1.3M | $940K | -29.1% |
Summary: Chestnut Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 101.9%, and 5+ bedroom homes decreased by 29.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Germantown / Chestnut Hill | $288.7K | $316.8K | +9.7% |
| Chestnut Hill | $675K | $722.5K | +7.0% |
| Mount Airy | $385K | $391.6K | +1.7% |
| Wyndmoor | $507.5K | $494.7K | -2.5% |
| Andorra | $432.5K | $415K | -4.0% |
Housing Supply in Chestnut Hill, PA
How many homes are available in Chestnut Hill, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 50 | +8.7% |
Summary: The Chestnut Hill real estate market had 50 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The Chestnut Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were 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. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Chestnut Hill in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 121 Days | +1553.4% |
Summary: Homes in Chestnut Hill had an average of 121 days on market in Oct 2024, up by 1553.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 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, 8 homes were sold in Chestnut Hill; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
