$5,343 Closing Credit*
$449,900
2,610 SqFt
3 Beds
•1 Full Bath
#73320996, Janet Aguilar, Listing Office: Leading Edge Real Estate
Is Chelsea, 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, Chelsea has remained a Seller's Market.
Key Takeaway
Chelsea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chelsea, MA
How much do homes in Chelsea, MA cost?
Median Sold Price
$574,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$64,000(+12.5%)
Key Takeaway
Homes in Chelsea have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Chelsea was $574,000 in November 2024, up 12.5% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $377.5K | $350K | -7.3% |
| 2 Bedrooms | $447.5K | $495.5K | +10.7% |
| 3 Bedrooms | $525K | $629K | +19.8% |
| 4 Bedrooms | $700K | $666K | -4.9% |
| 5+ Bedrooms | $860K | $910K | +5.8% |
Summary: Chelsea housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 19.8%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in Chelsea, MA
How many homes are available in Chelsea, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 59 | -13.2% |
Summary: The Chelsea real estate market had 59 homes for sale in November 2024, a 13.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 12 | -25.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Chelsea housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chelsea, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Chelsea in November 2024, up by 66.7% month-over-month. Of the 20 sold homes, 55% were sold under asking, 15% were sold at asking, and 30% were sold over asking.
Days on Market for Chelsea, MA
How long does it take to sell a home in Chelsea, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 35 Days | +17.1% |
Summary: Homes in Chelsea had an average of 35 days on market in Nov 2024, up by 17.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chelsea are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Chelsea; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
