Is Pelham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pelham has remained a Seller's Market.
Key Takeaway
Pelham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pelham, MA
How much do homes in Pelham, MA cost?
Median Sold Price
$465,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pelham have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Pelham was $465,000 in May 2024, up 5.9% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $300K | +81.8% |
| 3 Bedrooms | $459.5K | $465K | +1.2% |
| 4 Bedrooms | $365.7K | $452.5K | +23.7% |
| 5+ Bedrooms | $489K | $910K | +86.1% |
Summary: Pelham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 81.8%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 86.1%.
Median Sold Price Compared To Nearby Cities
| Shutesbury | $331.2K | $475K | +43.4% |
| Belchertown | $379.9K | $426.5K | +12.3% |
| Pelham | $439.2K | $465K | +5.9% |
Housing Supply in Pelham, MA
How many homes are available in Pelham, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Pelham real estate market had 7 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pelham housing inventory by bedroom type for May 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 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pelham, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pelham in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pelham, MA
How long does it take to sell a home in Pelham, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 35 Days | +129.0% |
Summary: Homes in Pelham had an average of 35 days on market in May 2024, up by 129% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pelham has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Pelham; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
