Is 01940, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01940 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 01940 has remained a Seller's Market.

Key Takeaway

01940 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01940, MA

How much do homes in 01940, MA cost?

Median Sold Price

$1,001,000

$363/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$80,500(+8.7%)

Key Takeaway

Homes in 01940 have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in 01940 was $1,001,000 in February 2024, up 8.7% from last year, and the median price per square foot was $363.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $390K$375K
-3.8%
2 $612.5K$575K
-6.1%
3 $837.5K$863K
+3.0%
4 $1.2M$1.2M
-2.8%
5+ $1.6M$1.6M
-0.8%

Summary: 01940 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

01949
+12.1%
01940
+8.7%
01904
+8.1%
01880
+7.0%
01960
+4.6%

Housing Supply in 01940, MA

How many homes are available in 01940, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2422-8.3%

Summary: The 01940 real estate market had 22 homes for sale in February 2024, a 8.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 21
-50.0%
3 66
0.0%
4 99
0.0%
5+ 66
0.0%

Summary: The 01940 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01940, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 01940 in February 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 01940, MA

How long does it take to sell a home in 01940, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
41 Days62 Days+51.2%

Summary: Homes in 01940 had an average of 62 days on market in Feb 2024, up by 51.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01940 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 5 homes were sold in 01940; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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

Newest Listings in 01940, MA

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