Is Belchertown, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belchertown is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Belchertown has remained a Buyer's Market.

Key Takeaway

Belchertown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Belchertown, MA

How much do homes in Belchertown, MA cost?

Median Sold Price

$410,000

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$33,375(+8.9%)

Key Takeaway

Homes in Belchertown have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Belchertown was $410,000 in February 2024, up 8.9% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $172.5K-
N/A
2 $295K$292.2K
-0.9%
3 $386.5K$404.1K
+4.6%
4 $475K$490K
+3.2%
5+ $386K$367.5K
-4.8%

Summary: Belchertown housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Cities

Palmer
+11.1%
Belchertown
+8.9%
Ware
0.0%

Housing Supply in Belchertown, MA

How many homes are available in Belchertown, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2726-3.7%

Summary: The Belchertown real estate market had 26 homes for sale in February 2024, a 3.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 02
+100.0%
2 66
0.0%
3 99
0.0%
4 96
-33.3%
5+ 33
0.0%

Summary: The Belchertown housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belchertown, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Belchertown in February 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Belchertown, MA

How long does it take to sell a home in Belchertown, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
72 Days18 Days-74.2%

Summary: Homes in Belchertown had an average of 18 days on market in Feb 2024, down by 74.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 3 homes were sold in Belchertown; 100% of homes were sold within 30 days, 0% 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 28 Days Ago

Newest Listings in Belchertown, MA

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What housing markets are near Belchertown, MA?