Is Topsfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Topsfield was a Neutral Market.
Housing Prices in Topsfield, MA
How much do homes in Topsfield, MA cost?
Median Sold Price
$870,000
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Topsfield was $870,000 in April 2024, up 10.1% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $399K | - | N/A |
2 Bedrooms | $624.5K | $600K | -3.9% |
3 Bedrooms | $680K | $762.5K | +12.1% |
4 Bedrooms | $865.5K | $931.3K | +7.6% |
5+ Bedrooms | $1.3M | $975K | -27.8% |
Summary: Topsfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 27.8%.
Median Sold Price Compared To Nearby Cities
Hamilton | $719K | $866.2K | +20.5% |
South Hamilton | $715K | $857.5K | +19.9% |
Topsfield | $790K | $870K | +10.1% |
Boxford | $899.5K | $939K | +4.4% |
Wenham | $1.1M | $1.0M | -7.0% |
Housing Supply in Topsfield, MA
How many homes are available in Topsfield, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 15 | -31.8% |
Summary: The Topsfield real estate market had 15 homes for sale in April 2024, a 31.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 2 | -75.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Topsfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Topsfield in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Topsfield, MA
How long does it take to sell a home in Topsfield, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 26 Days | +44.4% |
Summary: Homes in Topsfield had an average of 26 days on market in Apr 2024, up by 44.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Topsfield; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.