Is 01507, 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, 01507 has remained a Seller's Market.
Key Takeaway
01507 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01507, MA
How much do homes in 01507, MA cost?
Median Sold Price
$505,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 01507 have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in 01507 was $505,000 in March 2024, up 13.5% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $352.5K | $320K | -9.2% |
| 2 Bedrooms | $290K | $307.5K | +6.0% |
| 3 Bedrooms | $436K | $499.9K | +14.7% |
| 4 Bedrooms | $532.5K | $596.9K | +12.1% |
| 5+ Bedrooms | $530K | $505K | -4.7% |
Summary: 01507 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in 01507, MA
How many homes are available in 01507, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 30 | +25.0% |
Summary: The 01507 real estate market had 30 homes for sale in March 2024, a 25.0% increase 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 01507 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 increased by 50%, 3 bedroom homes increased by 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01507, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 01507 in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 01507, MA
How long does it take to sell a home in 01507, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 56 Days | +49.4% |
Summary: Homes in 01507 had an average of 56 days on market in Mar 2024, up by 49.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 01507 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 01507; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
