Is Stoneham, 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, Stoneham has remained a Seller's Market.
Key Takeaway
Stoneham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stoneham, MA
How much do homes in Stoneham, MA cost?
Median Sold Price
$714,250
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stoneham have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Stoneham was $714,250 in May 2024, up 9.9% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $350K | +16.7% |
| 2 Bedrooms | $412.5K | $423K | +2.5% |
| 3 Bedrooms | $692K | $737K | +6.5% |
| 4 Bedrooms | $750K | $852.5K | +13.7% |
| 5+ Bedrooms | $900K | $900K | 0.0% |
Summary: Stoneham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Woburn | $625K | $710.8K | +13.7% |
| Stoneham | $650K | $714.2K | +9.9% |
| Wakefield | $675K | $725K | +7.4% |
| Melrose | $779.5K | $836.2K | +7.3% |
| Winchester | $1.3M | $1.3M | +6.0% |
Housing Supply in Stoneham, MA
How many homes are available in Stoneham, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 67 | +52.3% |
Summary: The Stoneham real estate market had 67 homes for sale in May 2024, a 52.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 9 | 16 | +77.8% |
| 3 Bedrooms | 18 | 27 | +50.0% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Stoneham 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 77.8%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stoneham, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Stoneham in May 2024, up by 14.3% month-over-month. Of the 16 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Stoneham, MA
How long does it take to sell a home in Stoneham, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 16 Days | +46.0% |
Summary: Homes in Stoneham had an average of 16 days on market in May 2024, up by 46% compared to last year.
Breakdown of Home Sale Times
15 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 Stoneham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Stoneham; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
