Is Auburn, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Auburn has remained a Seller's Market.
Key Takeaway
Auburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Auburn, MA
How much do homes in Auburn, MA cost?
Median Sold Price
$427,500
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Auburn have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Auburn was $427,500 in May 2024, up 5.3% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $175K | -41.7% |
| 2 Bedrooms | $326K | $350K | +7.4% |
| 3 Bedrooms | $408K | $428.5K | +5.0% |
| 4 Bedrooms | $486.5K | $500K | +2.8% |
| 5+ Bedrooms | $590K | $554.5K | -6.0% |
Summary: Auburn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Cities
| Millbury | $435K | $485K | +11.5% |
| Rochdale | $400K | $434.9K | +8.7% |
| North Oxford | $270K | $290K | +7.4% |
| Cherry Valley | $363.5K | $385K | +5.9% |
| Auburn | $406K | $427.5K | +5.3% |
Housing Supply in Auburn, MA
How many homes are available in Auburn, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 52 | +15.6% |
Summary: The Auburn real estate market had 52 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 14 | 20 | +42.9% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Auburn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Auburn, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Auburn in May 2024, up by 33.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Auburn, MA
How long does it take to sell a home in Auburn, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 22 Days | -53.4% |
Summary: Homes in Auburn had an average of 22 days on market in May 2024, down by 53.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Auburn are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Auburn; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
