Is Roxbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Roxbury was a Neutral Market.
Key Takeaway
Roxbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Roxbury, MA
How much do homes in Roxbury, MA cost?
Median Sold Price
$720,000
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Roxbury has remained the same since last year.
Summary: The median home sold price in Roxbury was $720,000 in May 2024, up 0.1% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $480K | $510K | +6.3% |
| 2 Bedrooms | $655K | $621.9K | -5.0% |
| 3 Bedrooms | $674K | $614.5K | -8.8% |
| 4 Bedrooms | $695K | $860K | +23.7% |
| 5+ Bedrooms | $980K | $979K | -0.1% |
Summary: Roxbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Dudley Square | $670K | $741.5K | +10.7% |
| Egleston Square | $730K | $806K | +10.4% |
| Roxbury | $719K | $720K | 0.1% |
| Hyde Square | $768.9K | $750K | -2.5% |
Housing Supply in Roxbury, MA
How many homes are available in Roxbury, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 123 | 119 | -3.3% |
Summary: The Roxbury real estate market had 119 homes for sale in May 2024, a 3.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 17 | -15.0% |
| 2 Bedrooms | 40 | 43 | +7.5% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 33 | 33 | 0.0% |
Summary: The Roxbury housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roxbury, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Roxbury in May 2024, up by 10.0% month-over-month. Of the 22 sold homes, 14% were sold under asking, 32% were sold at asking, and 55% were sold over asking.
Days on Market for Roxbury, MA
How long does it take to sell a home in Roxbury, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 88 Days | 43 Days | -51.3% |
Summary: Homes in Roxbury had an average of 43 days on market in May 2024, down by 51.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Roxbury are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Roxbury; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
