Is 01056, 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, 01056 has remained a Seller's Market.
Key Takeaway
01056 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01056, MA
How much do homes in 01056, MA cost?
Median Sold Price
$310,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 01056 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 01056 was $310,000 in March 2024, up 5.1% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | - | N/A |
| 2 Bedrooms | $246K | $275K | +11.8% |
| 3 Bedrooms | $300K | $320K | +6.7% |
| 4 Bedrooms | $319K | $335K | +5.0% |
| 5+ Bedrooms | $350K | $374K | +6.9% |
Summary: 01056 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Zip Codes
| 01022 | $185K | $211.5K | +14.3% |
| 01151 | $260K | $280.5K | +7.9% |
| 01095 | $400K | $431K | +7.8% |
| 01056 | $295K | $310K | +5.1% |
| 01080 | $284K | $265K | -6.7% |
Housing Supply in 01056, MA
How many homes are available in 01056, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 51 | -7.3% |
Summary: The 01056 real estate market had 51 homes for sale in March 2024, a 7.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 28 | 30 | +7.1% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 01056 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01056, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 01056 in March 2024, up by 46.2% month-over-month. Of the 19 sold homes, 21% were sold under asking, 26% were sold at asking, and 53% were sold over asking.
Days on Market for 01056, MA
How long does it take to sell a home in 01056, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 31 Days | -29.7% |
Summary: Homes in 01056 had an average of 31 days on market in Mar 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 01056 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in 01056; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
