Is 01062, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01062 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 01062 has remained a Seller's Market.

Key Takeaway

01062 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01062, MA

How much do homes in 01062, MA cost?

Median Sold Price

$411,000

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$21,500(+5.5%)

Key Takeaway

Homes in 01062 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 01062 was $411,000 in February 2024, up 5.5% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$189K
N/A
2 $315.5K$350K
+10.9%
3 $355.9K$382.5K
+7.5%
4 $583K$540.7K
-7.3%
5+ $843.2K$736K
-12.7%

Summary: 01062 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 12.7%.

Median Sold Price Compared To Nearby Zip Codes

01062
+5.5%
01060
+1.6%
01027
+1.1%

Housing Supply in 01062, MA

How many homes are available in 01062, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1918-5.3%

Summary: The 01062 real estate market had 18 homes for sale in February 2024, a 5.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 88
0.0%
4 67
+16.7%
5+ 32
-33.3%

Summary: The 01062 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01062, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 01062 in February 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 01062, MA

How long does it take to sell a home in 01062, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
23 Days49 Days+108.8%

Summary: Homes in 01062 had an average of 49 days on market in Feb 2024, up by 108.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01062 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 5 homes were sold in 01062; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 01062, MA

Nearby Markets to 01062, MA