$2,766 Closing Credit*
$232,900
1,170 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73314471, Barbara Bernashe, 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 October 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
$299,333
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,333(+8.8%)
Key Takeaway
Homes in Chicopee have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Chicopee was $299,333 in October 2024, up 8.8% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $168.5K | +20.4% |
| 2 Bedrooms | $230K | $231K | 0.4% |
| 3 Bedrooms | $285K | $305K | +7.0% |
| 4 Bedrooms | $310.7K | $340K | +9.4% |
| 5+ Bedrooms | $360K | $400K | +11.1% |
Summary: Chicopee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Springfield | $271.9K | $299.5K | +10.1% |
| Chicopee | $275K | $299.3K | +8.8% |
| Holyoke | $288K | $299.9K | +4.1% |
| West Springfield | $305.5K | $310K | +1.5% |
| West Springfield Town | $305.5K | $310K | +1.5% |
Housing Supply in Chicopee, MA
How many homes are available in Chicopee, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 140 | 133 | -5.0% |
Summary: The Chicopee real estate market had 133 homes for sale in October 2024, a 5.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 28 | 25 | -10.7% |
| 3 Bedrooms | 67 | 58 | -13.4% |
| 4 Bedrooms | 17 | 25 | +47.1% |
| 5+ Bedrooms | 22 | 18 | -18.2% |
Summary: The Chicopee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 38 | -15.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chicopee, you could pay more than the asking price. 68.4% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Chicopee in October 2024, down by 15.6% month-over-month. Of the 38 sold homes, 21% were sold under asking, 11% were sold at asking, and 68% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 24 Days | -18.8% |
Summary: Homes in Chicopee had an average of 24 days on market in Oct 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
11 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 October 2024, 38 homes were sold in Chicopee; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
