Is Chicopee, 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, Chicopee has remained a Seller's Market.
Housing Prices in Chicopee, MA
How much do homes in Chicopee, MA cost?
Median Sold Price
$283,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chicopee was $283,000 in March 2024, up 4.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $141.5K | $146K | +3.2% |
2 Bedrooms | $210K | $232.9K | +10.9% |
3 Bedrooms | $275K | $287K | +4.4% |
4 Bedrooms | $315K | $307K | -2.5% |
5+ Bedrooms | $349K | $365.5K | +4.7% |
Summary: Chicopee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
Holyoke | $270.6K | $300K | +10.8% |
Springfield | $262.7K | $282.1K | +7.4% |
Chicopee | $269.9K | $283K | +4.8% |
West Springfield | $300K | $310K | +3.3% |
West Springfield Town | $300K | $310K | +3.3% |
Housing Supply in Chicopee, MA
How many homes are available in Chicopee, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 90 | +8.4% |
Summary: The Chicopee real estate market had 90 homes for sale in March 2024, a 8.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 40 | 47 | +17.5% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Chicopee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 28 | -6.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Chicopee in March 2024, down by 6.7% month-over-month. Of the 28 sold homes, 25% were sold under asking, 21% were sold at asking, and 54% were sold over asking.
Days on Market for Chicopee, MA
How long does it take to sell a home in Chicopee, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 25 Days | -14.1% |
Summary: Homes in Chicopee had an average of 25 days on market in Mar 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in Chicopee; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.