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

$249,500

  • 3.3% 1-year change
  • 0.5% 1-year forecast

The median home value in Chelsea is $249,500. Chelsea home values have gone up 3.3% over the past year and Zillow predicts they will rise 0.5% within the next year. The median list price per square foot in Chelsea is None. The median rent price in Chelsea is $1,650, which is lower than the Boston Metro median of $2,395.

Foreclosures will be a factor impacting home values in the next several years. In Chelsea 10.5 homes are foreclosed (per 10,000). This is greater than the national value of 3.5

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 5.6%, which is lower than the national value of 6.0%. 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 17.7%, which is higher than Boston Metro at 8.5%.

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Relative ZHVI
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Chelsea Market Overview

Data through May 31, 2015
  • $249,500 ZHVI
  • 0.5% 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
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Chelsea Market Health

Data through May 31, 2015
  • No recent data Stable
  • No data Average days on Zillow
  • 17.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.6% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

10.5 homes(Apr 30, 2015) Chelsea
3.5 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

  • No data
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Chelsea Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,227 Chelsea
    $2,191 Boston Metro
    $1,367 United States

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

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,650 Rent list price
  • $1.77 Rent list price / sq ft
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