Is Sutton, 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, Sutton was a Buyer's Market.
Key Takeaway
Sutton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Sutton, MA
How much do homes in Sutton, MA cost?
Median Sold Price
$580,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sutton have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Sutton was $580,000 in May 2024, up 5.5% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $410.7K | $408.2K | -0.6% |
| 3 Bedrooms | $537.5K | $580K | +7.9% |
| 4 Bedrooms | $651.2K | $703.5K | +8.0% |
| 5+ Bedrooms | $570K | $768K | +34.7% |
Summary: Sutton 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 decreased by 0.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 34.7%.
Median Sold Price Compared To Nearby Cities
| South Grafton | $475K | $569.9K | +20.0% |
| Millbury | $435K | $485K | +11.5% |
| Sutton | $550K | $580K | +5.5% |
| Northbridge | $493.7K | $482.5K | -2.3% |
| Whitinsville | $455K | $419.7K | -7.7% |
Housing Supply in Sutton, MA
How many homes are available in Sutton, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 39 | +25.8% |
Summary: The Sutton real estate market had 39 homes for sale in May 2024, a 25.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Sutton 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 decreased by 33.3%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sutton, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Sutton in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Sutton, MA
How long does it take to sell a home in Sutton, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 29 Days | -0.4% |
Summary: Homes in Sutton had an average of 29 days on market in May 2024, down by 0.4% compared to last year.
Breakdown of Home Sale Times
4 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 Sutton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Sutton; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
