Is Chelmsford, 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, Chelmsford has remained a Seller's Market.
Key Takeaway
Chelmsford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chelmsford, MA
How much do homes in Chelmsford, MA cost?
Median Sold Price
$574,648
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chelmsford have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Chelmsford was $574,648 in March 2024, down 0.9% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $237.5K | +1.1% |
| 2 Bedrooms | $415K | $427K | +2.9% |
| 3 Bedrooms | $585K | $592.5K | +1.3% |
| 4 Bedrooms | $707.5K | $750K | +6.0% |
| 5+ Bedrooms | $777.5K | $787.5K | +1.3% |
Summary: Chelmsford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Tyngsborough | $535K | $590K | +10.3% |
| Lowell | $435K | $455.7K | +4.8% |
| North Chelmsford | $470K | $492K | +4.7% |
| North Billerica | $635K | $646.5K | +1.8% |
| Chelmsford | $580K | $574.6K | -0.9% |
Housing Supply in Chelmsford, MA
How many homes are available in Chelmsford, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 | 69 | +7.8% |
Summary: The Chelmsford real estate market had 69 homes for sale in March 2024, a 7.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 18 | 26 | +44.4% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Chelmsford 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 remained the same, 3 bedroom homes increased by 44.4%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chelmsford, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Chelmsford in March 2024, up by 21.1% month-over-month. Of the 23 sold homes, 22% were sold under asking, 22% were sold at asking, and 57% were sold over asking.
Days on Market for Chelmsford, MA
How long does it take to sell a home in Chelmsford, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 41 Days | +45.2% |
Summary: Homes in Chelmsford had an average of 41 days on market in Mar 2024, up by 45.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chelmsford are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Chelmsford; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
