Is Stow, 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, Stow has remained a Seller's Market.
Key Takeaway
Stow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stow, MA
How much do homes in Stow, MA cost?
Median Sold Price
$800,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stow have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Stow was $800,000 in May 2024, up 17.4% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $337.5K | +29.8% |
| 2 Bedrooms | $495K | $542K | +9.5% |
| 3 Bedrooms | $595K | $724K | +21.7% |
| 4 Bedrooms | $919K | $892.9K | -2.8% |
| 5+ Bedrooms | $1.1M | $1.4M | +29.8% |
Summary: Stow housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.8%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 29.8%.
Median Sold Price Compared To Nearby Cities
| Boxborough | $475.2K | $650K | +36.8% |
| Maynard | $476K | $565.5K | +18.8% |
| Stow | $681.6K | $800K | +17.4% |
| Hudson | $525K | $600K | +14.3% |
| Bolton | $770K | $880K | +14.3% |
Housing Supply in Stow, MA
How many homes are available in Stow, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 35 | +29.6% |
Summary: The Stow real estate market had 35 homes for sale in May 2024, a 29.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 5 | 11 | +120.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Stow 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 16.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 120%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stow, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Stow in May 2024, up by 83.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Stow, MA
How long does it take to sell a home in Stow, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 24 Days | +29.2% |
Summary: Homes in Stow had an average of 24 days on market in May 2024, up by 29.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stow are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Stow; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
