Is North Chelmsford, 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, North Chelmsford has remained a Seller's Market.
Key Takeaway
North Chelmsford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Chelmsford, MA
How much do homes in North Chelmsford, MA cost?
Median Sold Price
$492,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Chelmsford have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in North Chelmsford was $492,000 in March 2024, up 4.7% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $237.5K | +1.1% |
| 2 Bedrooms | $419K | $440K | +5.0% |
| 3 Bedrooms | $565K | $591K | +4.6% |
| 4 Bedrooms | $620K | $675K | +8.9% |
| 5+ Bedrooms | $760K | $752.5K | -1.0% |
Summary: North Chelmsford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
| Tyngsborough | $535K | $590K | +10.3% |
| Tyngsboro | $535K | $590K | +10.3% |
| Lowell | $435K | $455.7K | +4.8% |
| North Chelmsford | $470K | $492K | +4.7% |
| Chelmsford | $580K | $574.6K | -0.9% |
Housing Supply in North Chelmsford, MA
How many homes are available in North Chelmsford, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Summary: The North Chelmsford real estate market had 24 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The North Chelmsford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Chelmsford, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in North Chelmsford in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for North Chelmsford, MA
How long does it take to sell a home in North Chelmsford, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 31 Days | +11.2% |
Summary: Homes in North Chelmsford had an average of 31 days on market in Mar 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Chelmsford are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in North Chelmsford; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
