Is Ludlow, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ludlow has remained a Seller's Market.
Housing Prices in Ludlow, MA
How much do homes in Ludlow, MA cost?
Median Sold Price
$310,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ludlow was $310,000 in April 2024, up 4.7% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107K | - | N/A |
2 Bedrooms | $240K | $275K | +14.6% |
3 Bedrooms | $308.5K | $320K | +3.7% |
4 Bedrooms | $313.7K | $357.5K | +13.9% |
5+ Bedrooms | $350K | $374K | +6.9% |
Summary: Ludlow housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
Springfield | $262.7K | $286.5K | +9.1% |
Wilbraham | $405K | $431K | +6.4% |
Ludlow | $296K | $310K | +4.7% |
Chicopee | $272.1K | $283.8K | +4.3% |
Three Rivers | $285K | $262.5K | -7.9% |
Housing Supply in Ludlow, MA
How many homes are available in Ludlow, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 57 | +7.5% |
Summary: The Ludlow real estate market had 57 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 30 | 32 | +6.7% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Ludlow housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Ludlow in April 2024, down by 5.3% month-over-month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.
Days on Market for Ludlow, MA
How long does it take to sell a home in Ludlow, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 22 Days | -38.4% |
Summary: Homes in Ludlow had an average of 22 days on market in Apr 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Ludlow; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.