Is 01002, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 01002 has remained a Seller's Market.
Key Takeaway
01002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01002, MA
How much do homes in 01002, MA cost?
Median Sold Price
$465,500
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 01002 has remained the same since last year.
Summary: The median home sold price in 01002 was $465,500 in March 2024, up 0.4% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.5K | $189.1K | -15.7% |
| 2 Bedrooms | $260K | $280K | +7.7% |
| 3 Bedrooms | $437.1K | $419.9K | -3.9% |
| 4 Bedrooms | $532.4K | $560K | +5.2% |
| 5+ Bedrooms | $731.5K | $725K | -0.9% |
Summary: 01002 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in 01002, MA
How many homes are available in 01002, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Summary: The 01002 real estate market had 42 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 01002 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01002, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 01002 in March 2024, down by 37.5% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 01002, MA
How long does it take to sell a home in 01002, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 46 Days | -19.2% |
Summary: Homes in 01002 had an average of 46 days on market in Mar 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 01002 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in 01002; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
