Chicopee, MA 01020 Real Estate Market Report

ZIP Code: 01020
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The housing market in Chicopee, MA is currently characterized by a median sold price of $314,900, reflecting a slight downward trend in home values. This represents a market that has decreased 8% since 2022, indicating potential pricing challenges for sellers. Despite this, the market remains active, with a hot temperature suggesting strong buyer interest, albeit tempered by elevated interest rates affecting affordability.

Transaction activity shows a moderate sales volume against elevated inventory levels, with a median days on market of 233 days. This extended timeframe may indicate slower sales velocity, suggesting that while buyers are present, they are exercising caution in their purchasing decisions. The median listing price stands at $319,987, which may reflect seller expectations that are not fully aligned with current market realities, contributing to the observed pricing friction.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Chicopee, MA are averaging around 6.38% to 6.68%, which is higher than the average rate of approximately 6.11% seen earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $314,900 indicates a market that has decreased 8% since 2022, suggesting potential pricing challenges for sellers.

2. With a median days on market of 233, the market is experiencing slower sales velocity, indicating that properties may take longer to sell than in previous periods.

3. The median listing price of $319,987 shows a gap compared to the sold price, which may reflect seller expectations that are not fully aligned with market conditions.

4. Rental demand remains strong with a median market rent of $1,510, indicating a robust rental market despite the challenges in the sales sector.

5. Elevated interest rates, averaging between 6.38% and 6.68%, are impacting buyer affordability, contributing to a cautious approach among potential homebuyers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.