Is 01501, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 01501 has remained a Seller's Market.
Key Takeaway
01501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01501, MA
How much do homes in 01501, MA cost?
Median Sold Price
$425,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 01501 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 01501 was $425,000 in April 2024, up 4.2% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $175K | -41.7% |
| 2 Bedrooms | $330.7K | $350K | +5.8% |
| 3 Bedrooms | $406K | $424.5K | +4.6% |
| 4 Bedrooms | $475.5K | $515K | +8.3% |
| 5+ Bedrooms | $555K | $569K | +2.5% |
Summary: 01501 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.7%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Zip Codes
| 01611 | $367K | $390K | +6.3% |
| 01501 | $408K | $425K | +4.2% |
| 01603 | $375K | $387K | +3.2% |
Housing Supply in 01501, MA
How many homes are available in 01501, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 45 | +2.3% |
Summary: The 01501 real estate market had 45 homes for sale in April 2024, a 2.3% increase 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 | 15 | 15 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 01501 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01501, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 01501 in April 2024, down by 29.4% month-over-month. Of the 12 sold homes, 8% were sold under asking, 8% were sold at asking, and 83% were sold over asking.
Days on Market for 01501, MA
How long does it take to sell a home in 01501, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 21 Days | +18.0% |
Summary: Homes in 01501 had an average of 21 days on market in Apr 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 01501 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in 01501; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
