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

---

Executive Overview

The Chicopee market is currently characterized by a median sold price of $315,000, reflecting a competitive environment where homes are selling quickly. Although there are no specific historical sold price change percentages available, the overall market sentiment indicates an upward trend in property values, with prices generally trending up year-over-year. This suggests a strong demand from buyers, which is further supported by the median days on market of 225, indicating that properties are moving relatively swiftly despite the elevated inventory levels.

The current market conditions reveal elevated inventory levels relative to sales activity, which may suggest a balance between supply and demand. The median listing price stands at $350,000, indicating a notable gap between asking and sold prices, which could reflect seller expectations. Overall, the market temperature is described as hot, signaling robust buyer interest and a favorable environment for sellers, despite the moderate interest rate pressure observed in the current economic landscape.

---

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.

---

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.

---

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.

---

Property Taxes

---

Liquidity & Velocity

---

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 market around 6.04% are slightly lower than the 6.30% average seen at the start of 2026, presenting a minor cost advantage for recent borrowers.

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

---

Key Findings

1. The median sold price of $315,000 indicates strong buyer demand, suggesting properties are selling at competitive prices.

2. With a median listing price of $350,000, there is a notable gap between asking prices and sold prices, indicating potential pricing friction.

3. The median days on market of 225 reflects slower sales velocity, which may be influenced by elevated inventory levels relative to sales activity.

4. Rental rates are trending up, with a median market rent of $1,510, indicating a growing demand for rental properties in the area.

5. Current market conditions are described as hot, suggesting a favorable environment for sellers despite the moderate interest rate pressure.

---

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.