Is Chestnuthill Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chestnuthill Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Chestnuthill Township has remained a Seller's Market.

Key Takeaway

Chestnuthill Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chestnuthill Township, PA

How much do homes in Chestnuthill Township, PA cost?

Median Sold Price

$335,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,500(+3.9%)

Key Takeaway

Homes in Chestnuthill Township have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Chestnuthill Township was $335,000 in November 2024, up 3.9% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $205K$235K
+14.6%
3 $305K$320K
+4.9%
4 $380K$374.9K
-1.3%
5+ $392.5K$399K
+1.7%

Summary: Chestnuthill Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

Saylorsburg
+18.4%
Chestnuthill Township
+3.9%
Effort
+1.7%

Housing Supply in Chestnuthill Township, PA

How many homes are available in Chestnuthill Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4240-4.8%

Summary: The Chestnuthill Township real estate market had 40 homes for sale in November 2024, a 4.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 2123
+9.5%
4 1210
-16.7%
5+ 62
-66.7%

Summary: The Chestnuthill Township 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 increased by 66.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
880.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chestnuthill Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Chestnuthill Township in November 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Chestnuthill Township, PA

How long does it take to sell a home in Chestnuthill Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days20 Days-30.7%

Summary: Homes in Chestnuthill Township had an average of 20 days on market in Nov 2024, down by 30.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chestnuthill Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in Chestnuthill Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Chestnuthill Township, PA

Nearby Markets to Chestnuthill Township, PA

What housing markets are near Chestnuthill Township, PA?