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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chicopee is a seller's market

Buyer's
Market

Difference Since July 2021

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.

How much do homes in Chicopee, MA cost?

Median Sold Price

$263,721

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$28,721(+12.2%)

Key Takeaway

Homes in Chicopee have sold for 12.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $118K$125K
+5.9%
2 $180K$195K
+8.3%
3 $240K$268.5K
+11.9%
4 $250K$292K
+16.8%
5+ $279.4K$331.5K
+18.6%

Median Sold Price Compared To Nearby Cities

West Springfield
+13.7%
West Springfield Town
+13.7%
Springfield
+12.9%
Chicopee
+12.2%
Holyoke
+8.1%

How many homes are available in Chicopee, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
175166-5.1%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 54
-20.0%
2 4035
-12.5%
3 6366
+4.8%
4 3427
-20.6%
5+ 3334
+3.0%

Number of Homes Sold

Jun 2022Jul 2022%
4841-14.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

28 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. 68.3% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
21 Days19 Days-9.6%

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

6 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.

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

About Chicopee, MA

Homes for sale in Chicopee, MA have reached 166. The number of homes for sale in Chicopee, MA decreased by 5.1% between June 2022 and July 2022. In July 2022, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $263,721. Real estate listing prices changed between June 2022 and July 2022: 1 bedroom properties prices increased by 5.9%, the cost of 2 bedrooms properties went up by 8.3%, prices of 3 bedrooms properties went up by 11.9%, prices of 4 bedrooms properties increased by 16.8%, 5 bedrooms properties prices increased by 18.6%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 20%, the quantity of 2 bedrooms homes went down by 12.5%, 3 bedrooms homes became 4.8% more available, 4 bedrooms homes became 20.6% less available, 5 bedrooms homes became 3% more available. In July 2022 more than 28 listings in Chicopee, MA were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 7 were sold below.

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