Home Values

Chelsea 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

$253,300

  • 8.4% 1-year change
  • 3.9% 1-year forecast

The median home value in Chelsea is $253,300. Chelsea home values have gone up 8.4% over the past year and Zillow predicts they will rise 3.9% within the next year. The median list price per square foot in Chelsea is $233, which is higher than the Boston Metro average of $222. The median price of homes currently listed in Chelsea is $239,000 while the median price of homes that sold is $231,950. The median rent price in Chelsea is $1,625, which is lower than the Boston Metro median of $2,381.

Foreclosures will be a factor impacting home values in the next several years. In Chelsea 7.1 homes are foreclosed (per 10,000). This is greater than the national value of 3.9

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 Chelsea is 6.7%, which is higher than the national value of 6.3%. 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 Chelsea homeowners underwater on their mortgage is 20.7%, which is higher than Boston Metro at 9.8%.

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Relative ZHVI
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Chelsea Market Overview

Data through Feb 28, 2015
  • $253,300 ZHVI
  • 3.9% 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
    (Feb 29, 2016)
  • $239,000 Median listing price
  • No recent data Median sale price
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Chelsea Market Health

Data through Feb 28, 2015
  • 5.4/10 Stable
    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
  • 20.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 6.7% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

7.1 homes(Dec 31, 2014) Chelsea
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Melrose $451,500
Somerville $446,000
Boston $425,200
Name Median ZHVI
Medford $395,700
Winthrop $342,100
Saugus $327,000
Name Median ZHVI
Malden $311,100
Revere $270,500
Everett $269,500

Listings & Sales

Data through Feb 28, 2015
  • $233 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 15.3% Listings with price cut
24.7%
Sold below listing
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Chelsea Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $2,165 Chelsea
    $2,167 Boston Metro
    $1,355 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,625 Rent list price
  • No data Rent list price / sq ft
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