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

Housing Market Conditions



Gauge showing Chicopee is a seller'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



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

# BEDSSep 2022Sep 2023CHANGE
1 $141K$139.9K
2 $199K$225K
3 $275K$283K
4 $295.2K$310K
5+ $335K$355K

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

West Springfield
West Springfield Town

Housing Supply

How many homes are available in Chicopee, MA?

Number of Homes For Sale

Aug 2023Sep 2023CHANGE

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

# BEDSAug 2023Sep 2023CHANGE
1 77
2 2625
3 5648
4 2019
5+ 2117

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 2023Sep 2023CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Sep 2023CHANGE
31 Days22 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

Breakdown of Home Sale Times

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.

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

Report Updated 3 Days Ago

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Nearby Markets

What housing markets are near Chicopee, MA?