Is Seekonk, 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, Seekonk has remained a Seller's Market.
Key Takeaway
Seekonk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seekonk, MA
How much do homes in Seekonk, MA cost?
Median Sold Price
$530,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Seekonk have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Seekonk was $530,000 in May 2024, up 7.3% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $272.5K | N/A |
| 2 Bedrooms | $370K | $405K | +9.5% |
| 3 Bedrooms | $460K | $530K | +15.2% |
| 4 Bedrooms | $665K | $607.4K | -8.7% |
| 5+ Bedrooms | $725K | $1.2M | +70.7% |
Summary: Seekonk housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 70.7%.
Median Sold Price Compared To Nearby Cities
| Pawtucket | $355K | $385K | +8.5% |
| East Providence | $380.2K | $410K | +7.8% |
| Seekonk | $494K | $530K | +7.3% |
| Riverside | $375K | $390.5K | +4.1% |
| Rumford | $437.5K | $445K | +1.7% |
Housing Supply in Seekonk, MA
How many homes are available in Seekonk, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 54 | +17.4% |
Summary: The Seekonk real estate market had 54 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 6 | +500.0% |
| 3 Bedrooms | 27 | 32 | +18.5% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Seekonk 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 increased by 500%, 3 bedroom homes increased by 18.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seekonk, you could pay more than the asking price. 76.5% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Seekonk in May 2024, up by 70.0% month-over-month. Of the 17 sold homes, 18% were sold under asking, 6% were sold at asking, and 76% were sold over asking.
Days on Market for Seekonk, MA
How long does it take to sell a home in Seekonk, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 34 Days | +74.8% |
Summary: Homes in Seekonk had an average of 34 days on market in May 2024, up by 74.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seekonk are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Seekonk; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
