Is Chicopee, 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, 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 in Chicopee, MA
How much do homes in Chicopee, MA cost?
Median Sold Price
$283,850
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chicopee have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Chicopee was $283,850 in April 2024, up 4.3% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148K | $150K | +1.4% |
| 2 Bedrooms | $213.2K | $230K | +7.8% |
| 3 Bedrooms | $279.5K | $288.9K | +3.4% |
| 4 Bedrooms | $315K | $320K | +1.6% |
| 5+ Bedrooms | $350K | $363K | +3.7% |
Summary: Chicopee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Holyoke | $271.3K | $300K | +10.6% |
| Springfield | $262.7K | $286.5K | +9.1% |
| Chicopee | $272.1K | $283.8K | +4.3% |
| West Springfield | $300K | $310K | +3.3% |
| West Springfield Town | $300K | $310K | +3.3% |
Housing Supply in Chicopee, MA
How many homes are available in Chicopee, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 92 | 106 | +15.2% |
Summary: The Chicopee real estate market had 106 homes for sale in April 2024, a 15.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 16 | 24 | +50.0% |
| 3 Bedrooms | 48 | 45 | -6.3% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Chicopee 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 increased by 50%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chicopee, you could pay more than the asking price. 65.4% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Chicopee in April 2024, down by 7.1% month-over-month. Of the 26 sold homes, 15% were sold under asking, 19% were sold at asking, and 65% were sold over asking.
Days on Market for Chicopee, MA
How long does it take to sell a home in Chicopee, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 21 Days | -41.9% |
Summary: Homes in Chicopee had an average of 21 days on market in Apr 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chicopee are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Chicopee; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
