In 2017 there were 59 sales and in 2018 there were 73 sales. The average sale price in 2017 was $165,728 compared to $177,343 in 2018. This is an increase of just over 7%. The median sale price in 2017 was $175,000 and $195,000 in 2018. This is an increase of approximately 11%.
The increase in sales and prices can be attributed to the increase in rents in Holyoke in the last few years. Rents for three bedroom apartments in 2 to 4 family homes range from $1,400 to as much as $1,600 per month. Rents for two bedroom apartments range from $1,100 to $1,400 per month.
These rents are some of the highest in the area. Higher than Chicopee, South Hadley and Easthampton, but still not as high as Northampton. These high rents make it attractive for both owner occupants and investors. After many years an owner can now make money owning small rental properties.