Is Groton, 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, Groton has remained a Seller's Market.
Housing Prices in Groton, MA
How much do homes in Groton, MA cost?
Median Sold Price
$738,500
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Groton was $738,500 in May 2024, up 0.2% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $284.5K | +40.5% |
2 Bedrooms | $432.4K | $475K | +9.8% |
3 Bedrooms | $642K | $685K | +6.7% |
4 Bedrooms | $860K | $808.5K | -6.0% |
5+ Bedrooms | $1.2M | $1.2M | +3.4% |
Summary: Groton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.5%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Dunstable | $770K | $900K | +16.9% |
Shirley | $460.5K | $477.4K | +3.7% |
Pepperell | $506K | $511.5K | +1.1% |
Groton | $737K | $738.5K | 0.2% |
Ayer | $530K | $485K | -8.5% |
Housing Supply in Groton, MA
How many homes are available in Groton, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 44 | +25.7% |
Summary: The Groton real estate market had 44 homes for sale in May 2024, a 25.7% 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 | 7 | +16.7% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The Groton 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Groton in May 2024, down by 33.3% month-over-month. Of the 8 sold homes, 0% were sold under asking, 13% were sold at asking, and 88% were sold over asking.
Days on Market for Groton, MA
How long does it take to sell a home in Groton, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 62 Days | +105.7% |
Summary: Homes in Groton had an average of 62 days on market in May 2024, up by 105.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Groton; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.