Is 01588, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01588 is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 01588 was a Buyer's Market.

Key Takeaway

01588 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01588, MA

How much do homes in 01588, MA cost?

Median Sold Price

$427,250

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$2,300(+0.5%)

Key Takeaway

Homes in 01588 have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in 01588 was $427,250 in February 2024, up 0.5% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $235K-
N/A
2 $316.5K$300K
-5.2%
3 $412.5K$418K
+1.3%
4 $645K$657.5K
+1.9%
5+ $424.9K$542.4K
+27.7%

Summary: 01588 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 27.7%.

Median Sold Price Compared To Nearby Zip Codes

01569
+10.8%
01590
+8.4%
01588
0.5%
01534
-5.9%

Housing Supply in 01588, MA

How many homes are available in 01588, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1619+18.8%

Summary: The 01588 real estate market had 19 homes for sale in February 2024, a 18.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 57
+40.0%
4 46
+50.0%
5+ 12
+100.0%

Summary: The 01588 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
660.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01588, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 01588 in February 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 01588, MA

How long does it take to sell a home in 01588, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
28 Days29 Days+3.6%

Summary: Homes in 01588 had an average of 29 days on market in Feb 2024, up by 3.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01588 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 6 homes were sold in 01588; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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