Is Belchertown, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Belchertown has remained a Seller's Market.
Housing Prices in Belchertown, MA
How much do homes in Belchertown, MA cost?
Median Sold Price
$411,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Belchertown was $411,000 in March 2024, up 8.2% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172.5K | $176.5K | +2.3% |
2 Bedrooms | $297.5K | $280K | -5.9% |
3 Bedrooms | $388K | $405K | +4.4% |
4 Bedrooms | $475K | $495K | +4.2% |
5+ Bedrooms | $462K | $347.5K | -24.8% |
Summary: Belchertown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 24.8%.
Housing Supply in Belchertown, MA
How many homes are available in Belchertown, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Summary: The Belchertown real estate market had 29 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 2 | -60.0% |
3 Bedrooms | 12 | 18 | +50.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Belchertown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Belchertown in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 18 Days | -55.9% |
Summary: Homes in Belchertown had an average of 18 days on market in Mar 2024, down by 55.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Belchertown; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.