$2,316 Closing Credit*
$195,000
2,421 SqFt
Christopher M Purcell, Listing Office: Realty Mark Associates
Is Germantown / Chestnut Hill, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Germantown / Chestnut Hill has remained a Seller's Market.
Key Takeaway
Germantown / Chestnut Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Germantown / Chestnut Hill, PA
How much do homes in Germantown / Chestnut Hill, PA cost?
Median Sold Price
$315,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$25,275(+8.7%)
Key Takeaway
Homes in Germantown / Chestnut Hill have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Germantown / Chestnut Hill was $315,000 in December 2024, up 8.7% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $233.9K | $225K | -3.8% |
| 2 Bedrooms | $209.5K | $260K | +24.1% |
| 3 Bedrooms | $250.3K | $290K | +15.9% |
| 4 Bedrooms | $299.5K | $360K | +20.2% |
| 5+ Bedrooms | $560K | $600K | +7.1% |
Summary: Germantown / Chestnut Hill housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Germantown | $182.5K | $199.9K | +9.6% |
| Germantown / Chestnut Hill | $289.7K | $315K | +8.7% |
| Mount Airy | $380.3K | $389.6K | +2.4% |
| Roxborough | $360K | $366.2K | +1.7% |
Housing Supply in Germantown / Chestnut Hill, PA
How many homes are available in Germantown / Chestnut Hill, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 358 | 339 | -5.3% |
Summary: The Germantown / Chestnut Hill real estate market had 339 homes for sale in December 2024, a 5.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 34 | 39 | +14.7% |
| 3 Bedrooms | 175 | 155 | -11.4% |
| 4 Bedrooms | 68 | 64 | -5.9% |
| 5+ Bedrooms | 72 | 69 | -4.2% |
Summary: The Germantown / Chestnut Hill housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 14.7%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 77 | 71 | -7.8% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown / Chestnut Hill, you may be able to get a good deal. 53.5% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Germantown / Chestnut Hill in December 2024, down by 7.8% month-over-month. Of the 71 sold homes, 54% were sold under asking, 18% were sold at asking, and 28% were sold over asking.
Days on Market for Germantown / Chestnut Hill, PA
How long does it take to sell a home in Germantown / Chestnut Hill, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 30 Days | 42 Days | +39.4% |
Summary: Homes in Germantown / Chestnut Hill had an average of 42 days on market in Dec 2024, up by 39.4% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Germantown / Chestnut Hill are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 71 homes were sold in Germantown / Chestnut Hill; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
