Is 01844, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01844 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 01844 has remained a Seller's Market.

Key Takeaway

01844 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01844, MA

How much do homes in 01844, MA cost?

Median Sold Price

$540,000

$303/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$32,142(+6.3%)

Key Takeaway

Homes in 01844 have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in 01844 was $540,000 in February 2024, up 6.3% from last year, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $185K$266K
+43.8%
2 $372K$400K
+7.5%
3 $500K$530K
+6.0%
4 $614K$595K
-3.1%
5+ $675K$700K
+3.7%

Summary: 01844 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Zip Codes

03079
+10.8%
01844
+6.3%
01845
+4.5%
01835
-2.5%
01841
-5.0%

Housing Supply in 01844, MA

How many homes are available in 01844, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8162-23.5%

Summary: The 01844 real estate market had 62 homes for sale in February 2024, a 23.5% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 21
-50.0%
2 1816
-11.1%
3 3825
-34.2%
4 1616
0.0%
5+ 74
-42.9%

Summary: The 01844 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 34.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3822-42.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01844, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in 01844 in February 2024, down by 42.1% month-over-month. Of the 22 sold homes, 27% were sold under asking, 23% were sold at asking, and 50% were sold over asking.

Days on Market for 01844, MA

How long does it take to sell a home in 01844, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
43 Days27 Days-37.6%

Summary: Homes in 01844 had an average of 27 days on market in Feb 2024, down by 37.6% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01844 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 22 homes were sold in 01844; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% 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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