$8,669 Closing Credit*
$730,000
2,205 SqFt
8 Beds
•4 Full Baths
Rainny Truscott, Listing Office: Keller Williams Realty Devon-Wayne
Is Chestnut Hill, PA 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, PA
How much do homes in Chestnut Hill, PA cost?
Median Sold Price
$710,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,900(-2.1%)
Key Takeaway
Homes in Chestnut Hill have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Chestnut Hill was $710,000 in November 2024, down 2.1% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $850K | $320K | -62.4% |
| 2 Bedrooms | $700K | $585K | -16.4% |
| 3 Bedrooms | $540K | $462.5K | -14.4% |
| 4 Bedrooms | $825.5K | $1.1M | +40.3% |
| 5+ Bedrooms | $1.2M | $1.2M | -0.8% |
Summary: Chestnut Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.4%, 2 bedroom homes decreased by 16.4%, 3 bedroom homes decreased by 14.4%, 4 bedroom homes increased by 40.3%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Germantown / Chestnut Hill | $294.9K | $315K | +6.8% |
| Mount Airy | $385K | $389.6K | +1.2% |
| Wyndmoor | $500K | $494.7K | -1.1% |
| Chestnut Hill | $724.9K | $710K | -2.1% |
| 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 42 | -16.0% |
Summary: The Chestnut Hill real estate market had 42 homes for sale in November 2024, a 16.0% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Chestnut Hill 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestnut Hill, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Chestnut Hill in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 28 Days | -29.9% |
Summary: Homes in Chestnut Hill had an average of 28 days on market in Nov 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was 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, 9 homes were sold in Chestnut Hill; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
