$8,074 Closing Credit*
$679,900
1,582 SqFt
3 Beds
•2 Full Baths
#73307718, Team Blue, Listing Office: ERA Key Realty Services
Is Chelmsford, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$610,286
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$44,869(+7.9%)
Key Takeaway
Homes in Chelmsford have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Chelmsford was $610,286 in September 2024, up 7.9% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $354.5K | +61.1% |
| 2 Bedrooms | $406K | $430K | +5.9% |
| 3 Bedrooms | $560K | $650K | +16.1% |
| 4 Bedrooms | $721K | $780K | +8.2% |
| 5+ Bedrooms | $803.2K | $875K | +8.9% |
Summary: Chelmsford housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
| Tyngsborough | $487.5K | $610K | +25.1% |
| Lowell | $433.9K | $471.6K | +8.7% |
| Chelmsford | $565.4K | $610.2K | +7.9% |
| North Chelmsford | $470K | $500K | +6.4% |
| North Billerica | $650K | $655K | +0.8% |
Housing Supply in Chelmsford, MA
How many homes are available in Chelmsford, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 100 | 109 | +9.0% |
Summary: The Chelmsford real estate market had 109 homes for sale in September 2024, a 9.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 32 | 30 | -6.3% |
| 3 Bedrooms | 32 | 44 | +37.5% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Chelmsford housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 31 | 45 | +45.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chelmsford, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Chelmsford in September 2024, up by 45.2% month-over-month. Of the 45 sold homes, 36% were sold under asking, 4% were sold at asking, and 60% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 20 Days | 20 Days | 0.3% |
Summary: Homes in Chelmsford had an average of 20 days on market in Sep 2024, up by 0.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
8 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 September 2024, 45 homes were sold in Chelmsford; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
