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

Housing Market Conditions



Gauge showing Chelsea is a seller's market


Difference Since November 2022

Since last year, Chelsea has remained a Seller's Market.

Key Takeaway

Chelsea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chelsea, MA

How much do homes in Chelsea, MA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Chelsea have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in Chelsea was $510,000 in November 2023, up 0.7% from last year, and the median price per square foot was $368.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $370K$377.5K
2 $425K$447.5K
3 $560K$520K
4 $650K$700K
5+ $825K$860K

Summary: Chelsea housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Chelsea, MA

How many homes are available in Chelsea, MA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Chelsea real estate market had 48 homes for sale in November 2023, a 5.9% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 67
2 2121
3 105
4 12
5+ 1313

Summary: The Chelsea housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chelsea, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Chelsea in November 2023, up by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Chelsea, MA

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

Average Sale Time

Nov 2022Nov 2023CHANGE
38 Days23 Days-40.7%

Summary: Homes in Chelsea had an average of 23 days on market in Nov 2023, down by 40.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 12 homes were sold in Chelsea; 67% of homes were sold within 30 days, 33% 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 3 Days Ago

Newest Listings in Chelsea, MA

Nearby Markets to Chelsea, MA

What housing markets are near Chelsea, MA?