Contracts Low Point in Chestnut Hill Real Estate Market

A dip in the number of pending transactions in the Chestnut Hill market over the last 30 days has resulted in the lowest levels for contracts in three months. While six homes went under contract, there were nine completed sales. In comparison, Germantown county led all other close-by neighborhoods with 37 contracts executed. Potential buyers should note that prices are coming down in Chestnut Hill, and for this period the median sales price slid from $469,500 to $446,500. With only three months of inventory to sell, Chestnut Hill is a still seller's market, even after taking into consideration the falling contracts numbers.

If a home with lots of bedrooms is what you want, then be sure to take a look at these listings in Chestnut Hill:

$3M   $650K   $879K  

Get started right now by checking out Chestnut Hill homes for sale or reviewing Chestnut Hill real estate trends.

Demographic facts for Chestnut Hill:

  • The population has increased 1.8% in the last 10 years.
  • The area's lifestyle rating is 58. (Scale: 1 = Worst, 100 = Best)
  • Residents who travel to work by car account for 62.7% of all commuters, while carpools account for 4.6%, and public transit makes up 21.1%.

Data reported through 1/11/2017

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