Chelsea, MA Housing Market
The Chelsea housing market is somewhat competitive. Homes in Chelsea receive 3 offers on average and sell in around 27 days. The median sale price of a home in Chelsea was $530K last month, up 12.8% since last year. The median sale price per square foot in Chelsea is $403, up 14.8% since last year.
Chelsea Housing Market Trends
In April 2024, Chelsea home prices were up 12.8% compared to last year, selling for a median price of $530K. On average, homes in Chelsea sell after 27 days on the market compared to 21 days last year. There were 23 homes sold in April this year, up from 11 last year.
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How hot is the Chelsea housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% above list price and go pending in around 28 days.
- Hot homescan sell for about 4% above list price and go pending in around 14 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 21 days.
- Hot homescan sell for about 3% above list price and go pending in around 13 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 5% above list price and go pending in around 15 days.
- Hot homescan sell for about 10% above list price and go pending in around 7 days.
Chelsea Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Chelsea from outside metros.
- New York homebuyers searched to move into Chelsea more than any other metro followed by Hartford and Washington.
- 83% of Chelsea homebuyers searched to stay within the Chelsea metropolitan area.
- Portland was the most popular destination among Chelsea homebuyers followed by Lebanon and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,455 | ||
2 | 1,575 | ||
3 | 383 | ||
4 | 371 | ||
5 | 279 | ||
6 | 276 | ||
7 | 123 | ||
8 | 34 | ||
9 | 26 | ||
10 | 22 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,341 | ||
2 | 1,554 | ||
3 | 1,475 | ||
4 | 924 | ||
5 | 894 | ||
6 | 865 | ||
7 | 805 | ||
8 | 655 | ||
9 | 395 | ||
10 | 373 |
Home offer insights for Chelsea
Recent offers
View houses in Chelsea that sold recently
Recently sold homes
- $300,000 Last Sold Price2 beds1 bath784 sq ft64 Washington Ave #5, Chelsea, MA 02150List Price$299,900Sale to List0% over listDays on Market71 days64 Washington Ave #5, Chelsea, MA 02150
- $587,000 Last Sold Price2 beds2 baths1,455 sq ft25 Second #303, Chelsea, MA 02150List Price$587,000Sale to List0% over listDays on Market95 days25 Second #303, Chelsea, MA 02150
- $425,000 Last Sold Price1 bed1 bath823 sq ft60 Dudley St #204, Chelsea, MA 02150List Price$409,000Sale to List4% over listDays on Market99 days60 Dudley St #204, Chelsea, MA 02150
- $662,000 Last Sold Price4 beds2 baths1,814 sq ft64 Parker St #64, Chelsea, MA 02150List Price$639,000Sale to List4% over listDays on Market37 days64 Parker St #64, Chelsea, MA 02150
- $640,000 Last Sold Price3 beds2.5 baths2,920 sq ft24 Grandview Rd, Chelsea, MA 02150List Price$639,900Sale to List0% over listDays on Market44 days24 Grandview Rd, Chelsea, MA 02150
- $574,000 Last Sold Price2 beds2 baths1,191 sq ft157 Chestnut #205, Chelsea, MA 02150List Price$579,000Sale to List1% under listDays on Market80 days157 Chestnut #205, Chelsea, MA 02150
- $520,000 Last Sold Price3 beds2 baths1,212 sq ft100 Broadway #8, Chelsea, MA 02150List Price$549,999Sale to List5% under listDays on Market154 days100 Broadway #8, Chelsea, MA 02150
- $1,300,000 Last Sold Price9 beds5 baths3,684 sq ft61 Addison St, Chelsea, MA 02150List Price$1,300,000Sale to List0% over listDays on Market174 days61 Addison St, Chelsea, MA 02150
See all recently sold homes in Chelsea.
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Schools in Chelsea
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Webster School Public • K-5 | 347 Students | 6 reviews |
5/10 William A Berkowitz Elementary School Public • 1-4 | 491 Students | 5 reviews |
5/10 Edgar A Hooks Elementary School Public • 1-4 | 521 Students | N/A |
4/10 Staff Sargent James J. Hill Elementary School Public • K-5 | 668 Students | 2 reviews |
4/10 Joseph A. Browne School Public • 5-8 | 529 Students | 1 reviews |
Climate's impact on Chelsea housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Chelsea.
Flood Factor - Major
Flood Factor
Fire Factor - Minimal
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Chelsea
Walk Score®
Transit Score®
Bike Score®
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