Is Chicopee, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2022
Since last year, Chicopee has remained a Seller's Market.
Key Takeaway
Chicopee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Chicopee, MA cost?
Median Sold Price
$275,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2022
Key Takeaway
Homes in Chicopee have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Chicopee was $275,000 in September 2023, up 3.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2022 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141K | $139.9K | -0.7% |
| 2 Bedrooms | $199K | $225K | +13.1% |
| 3 Bedrooms | $275K | $283K | +2.9% |
| 4 Bedrooms | $295.2K | $310K | +5.0% |
| 5+ Bedrooms | $335K | $355K | +6.0% |
Summary: Chicopee housing prices by bedroom type for September 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Holyoke | $257.5K | $283K | +9.9% |
| Springfield | $254.9K | $269.9K | +5.9% |
| West Springfield | $290K | $300.5K | +3.6% |
| West Springfield Town | $290K | $300.5K | +3.6% |
| Chicopee | $266.2K | $275K | +3.3% |
Housing Supply
How many homes are available in Chicopee, MA?
Number of Homes For Sale
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 130 | 116 | -10.8% |
Summary: The Chicopee real estate market had 116 homes for sale in September 2023, a 10.8% decrease compared to August 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 26 | 25 | -3.8% |
| 3 Bedrooms | 56 | 48 | -14.3% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 21 | 17 | -19.0% |
Summary: The Chicopee housing inventory by bedroom type for September 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 19%.
Number of Homes Sold
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 45 | 29 | -35.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chicopee, you could pay more than the asking price. 62.1% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Chicopee in September 2023, down by 35.6% month-over-month. Of the 29 sold homes, 10% were sold under asking, 28% were sold at asking, and 62% were sold over asking.
Days on Market
How long does it take to sell a home in Chicopee, MA?
Average Sale Time
| Sep 2022 | Sep 2023 | CHANGE |
|---|---|---|
| 31 Days | 22 Days | -28.0% |
Summary: Homes in Chicopee had an average of 22 days on market in Sep 2023, down by 28% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chicopee are selling fast, if you're buying plan to act quickly.
Summary: During September 2023, 29 homes were sold in Chicopee; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
