Is Everett, 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, Everett has remained a Seller's Market.
Key Takeaway
Everett is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Everett, MA
How much do homes in Everett, MA cost?
Median Sold Price
$662,500
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Everett have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Everett was $662,500 in May 2024, up 7.7% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $280K | +12.0% |
| 2 Bedrooms | $441K | $513.7K | +16.5% |
| 3 Bedrooms | $572.5K | $616.5K | +7.7% |
| 4 Bedrooms | $647.5K | $720K | +11.2% |
| 5+ Bedrooms | $805K | $884K | +9.8% |
Summary: Everett housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in Everett, MA
How many homes are available in Everett, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 65 | +14.0% |
Summary: The Everett real estate market had 65 homes for sale in May 2024, a 14.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 15 | 20 | +33.3% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 18 | 24 | +33.3% |
Summary: The Everett housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Everett, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Everett in May 2024, up by 50.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Everett, MA
How long does it take to sell a home in Everett, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 20 Days | +20.5% |
Summary: Homes in Everett had an average of 20 days on market in May 2024, up by 20.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Everett are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Everett; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
