Is 02048, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 02048 has remained a Seller's Market.
Key Takeaway
02048 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02048, MA
How much do homes in 02048, MA cost?
Median Sold Price
$650,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 02048 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 02048 was $650,000 in April 2024, up 8.3% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187K | $241.2K | +29.0% |
| 2 Bedrooms | $330K | $401K | +21.5% |
| 3 Bedrooms | $588.7K | $621.7K | +5.6% |
| 4 Bedrooms | $760K | $760K | 0.0% |
| 5+ Bedrooms | $757.5K | $737K | -2.7% |
Summary: 02048 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in 02048, MA
How many homes are available in 02048, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The 02048 real estate market had 26 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 4 | 10 | +150.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 02048 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02048, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 02048 in April 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for 02048, MA
How long does it take to sell a home in 02048, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 15 Days | -36.4% |
Summary: Homes in 02048 had an average of 15 days on market in Apr 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02048 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 02048; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
