Is Sudbury, 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, Sudbury has remained a Seller's Market.
Key Takeaway
Sudbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sudbury, MA
How much do homes in Sudbury, MA cost?
Median Sold Price
$1,100,000
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Sudbury has remained the same since last year.
Summary: The median home sold price in Sudbury was $1,100,000 in May 2024, up 0.2% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $437.5K | $532K | +21.6% |
| 2 Bedrooms | $676K | $785K | +16.1% |
| 3 Bedrooms | $725K | $810K | +11.7% |
| 4 Bedrooms | $1.2M | $1.2M | -0.8% |
| 5+ Bedrooms | $1.8M | $1.7M | -2.8% |
Summary: Sudbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 11.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Maynard | $476K | $565.5K | +18.8% |
| Stow | $681.6K | $800K | +17.4% |
| Wayland | $975K | $1.0M | +8.0% |
| Concord | $1.3M | $1.3M | +4.9% |
| Sudbury | $1.0M | $1.1M | 0.2% |
Housing Supply in Sudbury, MA
How many homes are available in Sudbury, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 86 | +30.3% |
Summary: The Sudbury real estate market had 86 homes for sale in May 2024, a 30.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 25 | 32 | +28.0% |
| 5+ Bedrooms | 21 | 26 | +23.8% |
Summary: The Sudbury housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sudbury, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Sudbury in May 2024, up by 12.5% month-over-month. Of the 18 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% were sold over asking.
Days on Market for Sudbury, MA
How long does it take to sell a home in Sudbury, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 18 Days | -16.3% |
Summary: Homes in Sudbury had an average of 18 days on market in May 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sudbury are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Sudbury; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
