$3,919 Closing Credit*
$330,000
1,740 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73316557, Ellen Strycharz, Listing Office: ROVI Homes
Is Ludlow, 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, Ludlow has remained a Seller's Market.
Key Takeaway
Ludlow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ludlow, MA
How much do homes in Ludlow, MA cost?
Median Sold Price
$335,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+9.8%)
Key Takeaway
Homes in Ludlow have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Ludlow was $335,000 in November 2024, up 9.8% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | $258K | +141.1% |
| 2 Bedrooms | $265K | $282K | +6.4% |
| 3 Bedrooms | $320.5K | $369K | +15.1% |
| 4 Bedrooms | $343.5K | $360K | +4.8% |
| 5+ Bedrooms | $369.5K | $409.9K | +11.0% |
Summary: Ludlow housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
| Ludlow | $305K | $335K | +9.8% |
| Springfield | $274.5K | $300K | +9.3% |
| Wilbraham | $411.5K | $445K | +8.1% |
| Chicopee | $280K | $300K | +7.1% |
| Three Rivers | $276.5K | $291K | +5.2% |
Housing Supply in Ludlow, MA
How many homes are available in Ludlow, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 63 | -11.3% |
Summary: The Ludlow real estate market had 63 homes for sale in November 2024, a 11.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 35 | 29 | -17.1% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Ludlow housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ludlow, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Ludlow in November 2024, up by 5.6% month-over-month. Of the 19 sold homes, 37% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Ludlow, MA
How long does it take to sell a home in Ludlow, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 25 Days | -22.8% |
Summary: Homes in Ludlow had an average of 25 days on market in Nov 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ludlow are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Ludlow; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
