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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ludlow is a seller's market

Buyer's
Market

Difference Since December 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

$332,666

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$22,666(+7.3%)

Key Takeaway

Homes in Ludlow have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Ludlow was $332,666 in December 2024, up 7.3% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $107K$258K
+141.1%
2 $265K$275K
+3.8%
3 $321.7K$366.5K
+13.9%
4 $327K$369.9K
+13.1%
5+ $365K$477.5K
+30.8%

Summary: Ludlow housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.1%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 30.8%.

Median Sold Price Compared To Nearby Cities

Three Rivers
+13.2%
Springfield
+9.1%
Wilbraham
+8.7%
Ludlow
+7.3%
Chicopee
+7.3%

Housing Supply in Ludlow, MA

How many homes are available in Ludlow, MA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6755-17.9%

Summary: The Ludlow real estate market had 55 homes for sale in December 2024, a 17.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1110
-9.1%
3 3125
-19.4%
4 1812
-33.3%
5+ 78
+14.3%

Summary: The Ludlow housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1924+26.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ludlow, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Ludlow in December 2024, up by 26.3% month-over-month. Of the 24 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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

Dec 2023Dec 2024CHANGE
37 Days32 Days-13.3%

Summary: Homes in Ludlow had an average of 32 days on market in Dec 2024, down by 13.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 24 homes were sold in Ludlow; 54% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

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