Is Holyoke, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Holyoke is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Holyoke has remained a Seller's Market.

Key Takeaway

Holyoke is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Holyoke, MA

How much do homes in Holyoke, MA cost?

Median Sold Price

$299,950

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,950(+4.1%)

Key Takeaway

Homes in Holyoke have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Holyoke was $299,950 in October 2024, up 4.1% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $125K$140K
+12.0%
2 $249.7K$206K
-17.5%
3 $287K$285K
-0.7%
4 $272K$316K
+16.2%
5+ $355K$358.7K
+1.1%

Summary: Holyoke housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 17.5%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Cities

Southampton
+14.9%
South Hadley
+13.4%
Chicopee
+8.8%
Holyoke
+4.1%
Easthampton Town
+3.9%

Housing Supply in Holyoke, MA

How many homes are available in Holyoke, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8293+13.4%

Summary: The Holyoke real estate market had 93 homes for sale in October 2024, a 13.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 1817
-5.6%
3 3039
+30.0%
4 1413
-7.1%
5+ 1821
+16.7%

Summary: The Holyoke housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1924+26.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Holyoke, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Holyoke in October 2024, up by 26.3% month-over-month. Of the 24 sold homes, 29% were sold under asking, 8% were sold at asking, and 63% were sold over asking.

Days on Market for Holyoke, MA

How long does it take to sell a home in Holyoke, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days40 Days+13.9%

Summary: Homes in Holyoke had an average of 40 days on market in Oct 2024, up by 13.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Holyoke are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 24 homes were sold in Holyoke; 58% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Holyoke, MA

Nearby Markets to Holyoke, MA

What housing markets are near Holyoke, MA?