Is 01085, 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, 01085 has remained a Seller's Market.
Key Takeaway
01085 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01085, MA
How much do homes in 01085, MA cost?
Median Sold Price
$335,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 01085 have sold for 8% more than they did a year ago.
Summary: The median home sold price in 01085 was $335,000 in March 2024, up 8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155.7K | $177.5K | +14.0% |
| 2 Bedrooms | $225K | $243K | +8.0% |
| 3 Bedrooms | $318.7K | $340K | +6.7% |
| 4 Bedrooms | $345K | $420.5K | +21.9% |
| 5+ Bedrooms | $348K | $445K | +27.9% |
Summary: 01085 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 27.9%.
Housing Supply in 01085, MA
How many homes are available in 01085, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 69 | -5.5% |
Summary: The 01085 real estate market had 69 homes for sale in March 2024, a 5.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 34 | 27 | -20.6% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 01085 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01085, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 01085 in March 2024, down by 23.8% month-over-month. Of the 16 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for 01085, MA
How long does it take to sell a home in 01085, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 43 Days | -3.0% |
Summary: Homes in 01085 had an average of 43 days on market in Mar 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 01085 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in 01085; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
