$7,124 Closing Credit*
$599,900
2,989 SqFt
5 Beds
•3 Full Baths
#73314322, Kenneth Purtell, Listing Office: Re/Max Innovative Properties
Is Chelmsford, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$620,000
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,166(+9.6%)
Key Takeaway
Homes in Chelmsford have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Chelmsford was $620,000 in October 2024, up 9.6% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $354K | +53.9% |
| 2 Bedrooms | $415K | $427K | +2.9% |
| 3 Bedrooms | $560K | $650K | +16.1% |
| 4 Bedrooms | $727.5K | $780K | +7.2% |
| 5+ Bedrooms | $785K | $875K | +11.5% |
Summary: Chelmsford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.9%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
| Tyngsborough | $500K | $600K | +20.0% |
| Chelmsford | $565.8K | $620K | +9.6% |
| Lowell | $440K | $468.9K | +6.6% |
| North Chelmsford | $470K | $480K | +2.1% |
| North Billerica | $658K | $651.5K | -1.0% |
Housing Supply in Chelmsford, MA
How many homes are available in Chelmsford, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 108 | -3.6% |
Summary: The Chelmsford real estate market had 108 homes for sale in October 2024, a 3.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 31 | 26 | -16.1% |
| 3 Bedrooms | 47 | 50 | +6.4% |
| 4 Bedrooms | 29 | 25 | -13.8% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Chelmsford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 36 | -20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chelmsford, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Chelmsford in October 2024, down by 20.0% month-over-month. Of the 36 sold homes, 19% were sold under asking, 14% were sold at asking, and 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 26 Days | +34.4% |
Summary: Homes in Chelmsford had an average of 26 days on market in Oct 2024, up by 34.4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 36 homes were sold in Chelmsford; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
