$8,905 Closing Credit*
$749,900
1,716 SqFt
2 Beds
•2 Full Baths
#73321067, Homegrown Realty Team, Listing Office: Citylight Homes LLC
Is Chelmsford, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$639,400
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$70,400(+12.4%)
Key Takeaway
Homes in Chelmsford have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Chelmsford was $639,400 in November 2024, up 12.4% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $492K | +123.6% |
| 2 Bedrooms | $425K | $425K | 0.0% |
| 3 Bedrooms | $575K | $653.8K | +13.7% |
| 4 Bedrooms | $721K | $785K | +8.9% |
| 5+ Bedrooms | $762.5K | $875K | +14.8% |
Summary: Chelmsford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Chelmsford | $569K | $639.4K | +12.4% |
| Tyngsborough | $535K | $595K | +11.2% |
| Lowell | $440K | $471.4K | +7.1% |
| North Chelmsford | $475K | $487.5K | +2.6% |
| North Billerica | $653.5K | $662.5K | +1.4% |
Housing Supply in Chelmsford, MA
How many homes are available in Chelmsford, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 111 | 90 | -18.9% |
Summary: The Chelmsford real estate market had 90 homes for sale in November 2024, a 18.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 26 | 21 | -19.2% |
| 3 Bedrooms | 51 | 39 | -23.5% |
| 4 Bedrooms | 27 | 23 | -14.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Chelmsford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 30 | -18.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chelmsford, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Chelmsford in November 2024, down by 18.9% month-over-month. Of the 30 sold homes, 10% were sold under asking, 17% were sold at asking, and 73% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 28 Days | +34.0% |
Summary: Homes in Chelmsford had an average of 28 days on market in Nov 2024, up by 34% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 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 November 2024, 30 homes were sold in Chelmsford; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
