Is 01566, 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, 01566 has remained a Seller's Market.
Key Takeaway
01566 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01566, MA
How much do homes in 01566, MA cost?
Median Sold Price
$451,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 01566 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 01566 was $451,000 in March 2024, up 2.5% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $310K | N/A |
| 2 Bedrooms | $345K | $325K | -5.8% |
| 3 Bedrooms | $442.5K | $439K | -0.8% |
| 4 Bedrooms | $500K | $525K | +5.0% |
| 5+ Bedrooms | $1.4M | $560K | -62.2% |
Summary: 01566 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 decreased by 5.8%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 62.2%.
Housing Supply in 01566, MA
How many homes are available in 01566, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Summary: The 01566 real estate market had 18 homes for sale in March 2024, a 21.7% decrease 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 01566 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 25%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01566, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 01566 in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 01566, MA
How long does it take to sell a home in 01566, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 41 Days | +125.3% |
Summary: Homes in 01566 had an average of 41 days on market in Mar 2024, up by 125.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 01566 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in 01566; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
