$2,849 Closing Credit*
$239,900
1,048 SqFt
2 Beds
•1 Full Bath
#73320962, Karol Makusiewicz, Listing Office: Signature Realty
Is Chicopee, 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, 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
$300,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+7.1%)
Key Takeaway
Homes in Chicopee have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Chicopee was $300,000 in November 2024, up 7.1% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $173.5K | +14.9% |
| 2 Bedrooms | $233K | $230.5K | -1.1% |
| 3 Bedrooms | $285K | $310K | +8.8% |
| 4 Bedrooms | $311.5K | $340K | +9.1% |
| 5+ Bedrooms | $360K | $400K | +11.1% |
Summary: Chicopee housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Springfield | $274.5K | $300K | +9.3% |
| Chicopee | $280K | $300K | +7.1% |
| Holyoke | $286K | $300K | +4.9% |
| West Springfield | $305K | $316K | +3.6% |
| West Springfield Town | $305K | $316K | +3.6% |
Housing Supply in Chicopee, MA
How many homes are available in Chicopee, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 142 | 119 | -16.2% |
Summary: The Chicopee real estate market had 119 homes for sale in November 2024, a 16.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 27 | 25 | -7.4% |
| 3 Bedrooms | 60 | 46 | -23.3% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Chicopee housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 23.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chicopee, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Chicopee in November 2024, up by 5.0% month-over-month. Of the 42 sold homes, 29% were sold under asking, 19% were sold at asking, and 52% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 32 Days | +17.9% |
Summary: Homes in Chicopee had an average of 32 days on market in Nov 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chicopee are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 42 homes were sold in Chicopee; 69% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
