Is Rowley, 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, Rowley has remained a Seller's Market.
Key Takeaway
Rowley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rowley, MA
How much do homes in Rowley, MA cost?
Median Sold Price
$795,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rowley have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Rowley was $795,000 in May 2024, up 7.4% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $259.5K | -8.9% |
| 2 Bedrooms | $681.5K | $340K | -50.1% |
| 3 Bedrooms | $732.5K | $825K | +12.6% |
| 4 Bedrooms | $910K | $907.5K | -0.3% |
| 5+ Bedrooms | $885K | $870K | -1.7% |
Summary: Rowley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes decreased by 50.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Georgetown | $670K | $779.5K | +16.3% |
| Rowley | $740K | $795K | +7.4% |
| Ipswich | $700K | $750K | +7.1% |
| Newbury | $835K | $850K | +1.8% |
Housing Supply in Rowley, MA
How many homes are available in Rowley, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Rowley real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rowley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rowley, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Rowley in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Rowley, MA
How long does it take to sell a home in Rowley, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 15 Days | -68.9% |
Summary: Homes in Rowley had an average of 15 days on market in May 2024, down by 68.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rowley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Rowley; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
