Is Chelmsford, 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, Chelmsford has remained a Seller's Market.
Key Takeaway
Chelmsford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chelmsford, MA
How much do homes in Chelmsford, MA cost?
Median Sold Price
$575,222
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Chelmsford has remained the same since last year.
Summary: The median home sold price in Chelmsford was $575,222 in April 2024, the same as last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $237.5K | +1.1% |
| 2 Bedrooms | $408.9K | $427K | +4.4% |
| 3 Bedrooms | $575K | $601K | +4.5% |
| 4 Bedrooms | $705K | $750K | +6.4% |
| 5+ Bedrooms | $755K | $805.7K | +6.7% |
Summary: Chelmsford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Tyngsborough | $537.5K | $582.5K | +8.4% |
| North Chelmsford | $470K | $502.5K | +6.9% |
| Lowell | $434.9K | $460K | +5.8% |
| North Billerica | $635K | $646.5K | +1.8% |
| Chelmsford | $575K | $575.2K | 0.0% |
Housing Supply in Chelmsford, MA
How many homes are available in Chelmsford, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 75 | +4.2% |
Summary: The Chelmsford real estate market had 75 homes for sale in April 2024, a 4.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 26 | 25 | -3.8% |
| 3 Bedrooms | 28 | 30 | +7.1% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Chelmsford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chelmsford, you could pay more than the asking price. 79.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Chelmsford in April 2024, up by 16.0% month-over-month. Of the 29 sold homes, 17% were sold under asking, 3% were sold at asking, and 79% were sold over asking.
Days on Market for Chelmsford, MA
How long does it take to sell a home in Chelmsford, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 19 Days | -41.2% |
Summary: Homes in Chelmsford had an average of 19 days on market in Apr 2024, down by 41.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chelmsford are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in Chelmsford; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
