Is 01902, 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, 01902 has remained a Seller's Market.
Key Takeaway
01902 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01902, MA
How much do homes in 01902, MA cost?
Median Sold Price
$535,000
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 01902 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 01902 was $535,000 in March 2024, up 7% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $247.5K | +3.1% |
| 2 Bedrooms | $362.5K | $362.5K | 0.0% |
| 3 Bedrooms | $485K | $520K | +7.2% |
| 4 Bedrooms | $561K | $600K | +7.0% |
| 5+ Bedrooms | $730K | $807K | +10.5% |
Summary: 01902 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 10.5%.
Housing Supply in 01902, MA
How many homes are available in 01902, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 76 | +5.6% |
Summary: The 01902 real estate market had 76 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 15 | +7.1% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 27 | 23 | -14.8% |
Summary: The 01902 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 14.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01902, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 01902 in March 2024, up by 23.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 10% were sold at asking, and 62% were sold over asking.
Days on Market for 01902, MA
How long does it take to sell a home in 01902, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 47 Days | +16.6% |
Summary: Homes in 01902 had an average of 47 days on market in Mar 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 01902 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in 01902; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
