Is Holyoke, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$300,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Holyoke have sold for 10% more than they did a year ago.
Summary: The median home sold price in Holyoke was $300,000 in May 2024, up 10% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127K | $95K | -25.2% |
| 2 Bedrooms | $245K | $245K | 0.0% |
| 3 Bedrooms | $271K | $285K | +5.2% |
| 4 Bedrooms | $265K | $292.5K | +10.4% |
| 5+ Bedrooms | $320K | $360K | +12.5% |
Summary: Holyoke housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Holyoke | $272.6K | $300K | +10.0% |
| South Hadley | $330K | $353K | +7.0% |
| Chicopee | $271.4K | $283.2K | +4.4% |
| Easthampton Town | $380.7K | $393.2K | +3.3% |
| Southampton | $435K | $432K | -0.7% |
Housing Supply in Holyoke, MA
How many homes are available in Holyoke, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 73 | 78 | +6.8% |
Summary: The Holyoke real estate market had 78 homes for sale in May 2024, a 6.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 15 | +87.5% |
| 3 Bedrooms | 34 | 33 | -2.9% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Holyoke housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 87.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Holyoke, 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 Holyoke in May 2024, down by 9.5% month-over-month. Of the 19 sold homes, 21% were sold under asking, 16% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 20 Days | -51.2% |
Summary: Homes in Holyoke had an average of 20 days on market in May 2024, down by 51.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Holyoke are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Holyoke; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
