Chicopee, MA 01020 Real Estate Market Report

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

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Executive Overview

The median sold price in Chicopee, MA stands at $314,900, reflecting the competitive nature of the market. Despite only slight fluctuations in home values year-over-year, the market has shown resilience with a general upward trend in pricing. The neighborhood has increased up since 2023, indicating a strengthening market environment.

Transaction activity is characterized by elevated inventory levels, suggesting a dynamic market with a moderate sales velocity. The median days on market is 218, which may indicate slower sales relative to buyer demand. As rental costs continue to rise, with a median market rent of $1,510, the pressure on home prices remains significant, contributing to a hot market temperature overall.

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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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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 the Chicopee MA area average around 6.04% to 6.57%, which is notably lower than the early 2026 average of approximately 7.0% for property owners who originated loans then.

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 suggests a competitive market environment with robust buyer interest.

2. With 218 days on market, the sales velocity appears slower, indicating potential pricing friction for sellers.

3. The median listing price of $350,000 reflects seller expectations that may not align with current buyer willingness, creating a pricing gap.

4. The median market rent of $1,510 is contributing to increased buyer demand as renters seek homeownership amidst rising rental costs.

5. The market temperature is classified as hot, indicating strong buyer interest and competitive conditions despite elevated inventory levels.

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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.