Home Values

Chelmsford Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$358,400

  • 2.4% 1-year change
  • -0.4% 1-year forecast

The median home value in Chelmsford is $358,400. Chelmsford home values have gone up 2.4% over the past year and Zillow predicts they will fall -0.4% within the next year. The median list price per square foot in Chelmsford is $223, which is lower than the Boston Metro average of $224. The median price of homes currently listed in Chelmsford is $369,900 while the median price of homes that sold is $361,500. The median rent price in Chelmsford is $1,495, which is lower than the Boston Metro median of $2,300.

Foreclosures will be a factor impacting home values in the next several years. In Chelmsford 0.8 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Chelmsford is 4.6%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Chelmsford homeowners underwater on their mortgage is 6.7%, which is lower than Boston Metro at 10.6%.

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Relative ZHVI
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Chelmsford Market Overview

Data through Aug 31, 2014
  • $358,400 ZHVI
  • -0.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $369,900 Median listing price
  • $361,500 Median sale price
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Chelmsford Market Health

Data through Aug 31, 2014
  • 7.3/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 6.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Concord $763,500
Carlisle $732,900
Bedford $589,700
Name Median ZHVI
Westford $473,100
Billerica $355,700
Tyngsboro $338,000
Name Median ZHVI
Tewksbury $335,800
Dracut $266,700
Lowell $212,500

Listings & Sales

Data through Aug 31, 2014
  • $223 Median list price / sq ft
  • $221 Median sale price / sq ft
  • 41.5% Listings with price cut
10.3%
Sold below listing
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Chelmsford Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,093 Chelmsford
    $2,116 Boston Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,495 Rent list price
  • $1.54 Rent list price / sq ft
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