$2,078 Closing Credit*
$175,000
670 SqFt
1 Bed
•1 Full Bath
#73307794, Tori Denton, Listing Office: Coldwell Banker Realty - Western MA
Is Chicopee, 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, 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
$290,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$15,000(+5.5%)
Key Takeaway
Homes in Chicopee have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Chicopee was $290,000 in September 2024, up 5.5% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $159.5K | +13.9% |
| 2 Bedrooms | $225K | $234K | +4.0% |
| 3 Bedrooms | $284K | $300K | +5.6% |
| 4 Bedrooms | $311.5K | $334.5K | +7.4% |
| 5+ Bedrooms | $357.5K | $385K | +7.7% |
Summary: Chicopee housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Springfield | $269.9K | $297.5K | +10.2% |
| Holyoke | $284.1K | $300K | +5.6% |
| Chicopee | $275K | $290K | +5.5% |
| West Springfield | $300.5K | $310K | +3.2% |
| West Springfield Town | $300.5K | $310K | +3.2% |
Housing Supply in Chicopee, MA
How many homes are available in Chicopee, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 136 | 137 | +0.7% |
Summary: The Chicopee real estate market had 137 homes for sale in September 2024, a 0.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 29 | 27 | -6.9% |
| 3 Bedrooms | 65 | 66 | +1.5% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Chicopee housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 42 | 43 | +2.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chicopee, you could pay more than the asking price. 69.8% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Chicopee in September 2024, up by 2.4% month-over-month. Of the 43 sold homes, 21% were sold under asking, 9% were sold at asking, and 70% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +22.0% |
Summary: Homes in Chicopee had an average of 30 days on market in Sep 2024, up by 22% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
0 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 September 2024, 43 homes were sold in Chicopee; 63% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
