Is 01603, 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, 01603 has remained a Seller's Market.
Key Takeaway
01603 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01603, MA
How much do homes in 01603, MA cost?
Median Sold Price
$379,950
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 01603 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 01603 was $379,950 in March 2024, up 1.3% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | $220K | -3.3% |
| 2 Bedrooms | $285K | $300K | +5.3% |
| 3 Bedrooms | $351.5K | $371.7K | +5.8% |
| 4 Bedrooms | $370K | $405K | +9.5% |
| 5+ Bedrooms | $530K | $628.5K | +18.6% |
Summary: 01603 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 18.6%.
Housing Supply in 01603, MA
How many homes are available in 01603, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The 01603 real estate market had 34 homes for sale in March 2024, a 3.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 01603 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01603, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 01603 in March 2024, down by 25.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% were sold over asking.
Days on Market for 01603, MA
How long does it take to sell a home in 01603, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 31 Days | -16.3% |
Summary: Homes in 01603 had an average of 31 days on market in Mar 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 01603 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 01603; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
