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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chelsea is a seller's market

Buyer's
Market

Difference Since July 2021

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.

How much do homes in Chelsea, MA cost?

Median Sold Price

$495,000

$381/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$40,000(+8.8%)

Key Takeaway

Homes in Chelsea have sold for 8.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $349K$355K
+1.7%
2 $400K$439.5K
+9.9%
3 $487.5K$555K
+13.8%
4 $532.5K$640K
+20.2%
5+ $748K$818K
+9.4%

Median Sold Price Compared To Nearby Cities

Everett
+11.6%
Revere
+9.4%
Chelsea
+8.8%
Boston
+6.8%

How many homes are available in Chelsea, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
8279-3.7%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 1312
-7.7%
2 2117
-19.0%
3 1213
+8.3%
4 710
+42.9%
5+ 2927
-6.9%

Number of Homes Sold

Jun 2022Jul 2022%
2619-26.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

13 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. 68.4% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
23 Days22 Days-6.9%

Breakdown of Home Sale Times

15 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.

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

About Chelsea, MA

Homes for sale in Chelsea, MA have reached 79. The number of homes for sale in Chelsea, MA decreased by 3.7% between June 2022 and July 2022. The median list price of listings available in July 2022 was $495,000, while the average time on the real estate market was 22 days. Between June 2022 and July 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 1.7%, 2 bedrooms properties prices increased by 9.9%, prices of 3 bedrooms properties went up by 13.8%, 4 bedrooms properties prices increased by 20.2%, 5 bedrooms properties became 9.4% more expensive. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 7.7%, the quantity of 2 bedrooms homes went down by 19%, volume of 3 bedrooms homes went up by 8.3%, number of 4 bedrooms homes increased by 42.9%, number of 5 bedrooms homes decreased by 6.9%. While more than 13 listings in Chelsea, MA in July 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 4 were sold below.

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