Is 02038, 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, 02038 has remained a Seller's Market.
Key Takeaway
02038 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02038, MA
How much do homes in 02038, MA cost?
Median Sold Price
$636,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02038 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 02038 was $636,000 in March 2024, up 10% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178K | $265K | +48.9% |
| 2 Bedrooms | $382.5K | $417.5K | +9.2% |
| 3 Bedrooms | $525K | $580K | +10.5% |
| 4 Bedrooms | $785K | $805K | +2.5% |
| 5+ Bedrooms | $820K | $805.5K | -1.8% |
Summary: 02038 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.9%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 02038, MA
How many homes are available in 02038, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The 02038 real estate market had 45 homes for sale in March 2024, a 2.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 02038 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02038, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 02038 in March 2024, down by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 02038, MA
How long does it take to sell a home in 02038, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 21 Days | +11.8% |
Summary: Homes in 02038 had an average of 21 days on market in Mar 2024, up by 11.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02038 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 02038; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
