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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belchertown is a 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

+$20,000(+5.3%)

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

# BEDSAug 2022Aug 2023CHANGE
1 $172.5K-
N/A
2 $287.5K$278K
-3.3%
3 $380K$392.5K
+3.3%
4 $447K$450K
+0.7%
5+ $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%.

Median Sold Price Compared To Nearby Cities

Palmer
+9.7%
Belchertown
+5.3%
Ware
-2.5%

Housing Supply

How many homes are available in Belchertown, MA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
5439-27.8%

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

# BEDSJul 2023Aug 2023CHANGE
1 00
0.0%
2 34
+33.3%
3 3524
-31.4%
4 1510
-33.3%
5+ 11
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 2023Aug 2023CHANGE
2016-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Aug 2023CHANGE
26 Days52 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

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Nearby Markets

What housing markets are near Belchertown, MA?