Is Belchertown, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Belchertown has remained a Seller's Market.
Key Takeaway
Belchertown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Belchertown, MA cost?
Median Sold Price
$395,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Belchertown have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Belchertown was $395,000 in August 2023, up 5.3% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | - | N/A |
| 2 Bedrooms | $287.5K | $278K | -3.3% |
| 3 Bedrooms | $380K | $392.5K | +3.3% |
| 4 Bedrooms | $447K | $450K | +0.7% |
| 5+ Bedrooms | $310K | $350K | +12.9% |
Summary: Belchertown housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 12.9%.
Housing Supply
How many homes are available in Belchertown, MA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 54 | 39 | -27.8% |
Summary: The Belchertown real estate market had 39 homes for sale in August 2023, a 27.8% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 35 | 24 | -31.4% |
| 4 Bedrooms | 15 | 10 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Belchertown housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 31.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belchertown, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Belchertown in August 2023, down by 20.0% month-over-month. Of the 16 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market
How long does it take to sell a home in Belchertown, MA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 26 Days | 52 Days | +99.2% |
Summary: Homes in Belchertown had an average of 52 days on market in Aug 2023, up by 99.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belchertown are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 16 homes were sold in Belchertown; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
