Is 01516, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 01516 was a Seller's Market.
Key Takeaway
01516 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 01516, MA
How much do homes in 01516, MA cost?
Median Sold Price
$480,280
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 01516 have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in 01516 was $480,280 in March 2024, down 7.4% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $475K | N/A |
| 2 Bedrooms | $301K | $383.5K | +27.4% |
| 3 Bedrooms | $464.9K | $483.5K | +4.0% |
| 4 Bedrooms | $590.5K | $676.5K | +14.6% |
| 5+ Bedrooms | $600K | $535K | -10.8% |
Summary: 01516 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 27.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 10.8%.
Housing Supply in 01516, MA
How many homes are available in 01516, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The 01516 real estate market had 18 homes for sale in March 2024, a 12.5% 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 | 6 | 2 | -66.7% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 2 | 8 | +300.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 01516 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 66.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 300%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 01516, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 01516 in March 2024, down by 75.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 01516, MA
How long does it take to sell a home in 01516, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 9 Days | -81.3% |
Summary: Homes in 01516 had an average of 9 days on market in Mar 2024, down by 81.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 01516 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 01516; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
