$2,375 Closing Credit*
$200,000
1,638 SqFt
4 Beds
•2 Full Baths
#73307771, Apryl White, Listing Office: Coldwell Banker Realty - Western MA
Is Ludlow, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Ludlow was a Seller's Market.
Key Takeaway
Ludlow is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ludlow, MA
How much do homes in Ludlow, MA cost?
Median Sold Price
$330,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$26,000(+8.6%)
Key Takeaway
Homes in Ludlow have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Ludlow was $330,000 in September 2024, up 8.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | $276K | +157.9% |
| 2 Bedrooms | $256.5K | $288.5K | +12.5% |
| 3 Bedrooms | $310K | $369K | +19.0% |
| 4 Bedrooms | $356.7K | $369.9K | +3.7% |
| 5+ Bedrooms | $365K | $379.9K | +4.1% |
Summary: Ludlow housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 157.9%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Wilbraham | $400K | $445K | +11.3% |
| Springfield | $269.9K | $297.5K | +10.2% |
| Ludlow | $304K | $330K | +8.6% |
| Chicopee | $275K | $290K | +5.5% |
| Three Rivers | $280K | $285K | +1.8% |
Housing Supply in Ludlow, MA
How many homes are available in Ludlow, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 48 | 59 | +22.9% |
Summary: The Ludlow real estate market had 59 homes for sale in September 2024, a 22.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 23 | 27 | +17.4% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Ludlow housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ludlow, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Ludlow in September 2024, down by 40.0% month-over-month. Of the 9 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 20 Days | 15 Days | -23.0% |
Summary: Homes in Ludlow had an average of 15 days on market in Sep 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ludlow are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 9 homes were sold in Ludlow; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
