Is 02050, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 02050 was a Seller's Market.
Key Takeaway
02050 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 02050, MA
How much do homes in 02050, MA cost?
Median Sold Price
$742,500
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02050 have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in 02050 was $742,500 in March 2024, up 13.4% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $245K | +3.2% |
| 2 Bedrooms | $565K | $511K | -9.5% |
| 3 Bedrooms | $619.9K | $710K | +14.5% |
| 4 Bedrooms | $775K | $900K | +16.1% |
| 5+ Bedrooms | $1.3M | $1.4M | +3.3% |
Summary: 02050 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 3.3%.
Housing Supply in 02050, MA
How many homes are available in 02050, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Summary: The 02050 real estate market had 48 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 02050 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02050, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 02050 in March 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for 02050, MA
How long does it take to sell a home in 02050, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 29 Days | -36.4% |
Summary: Homes in 02050 had an average of 29 days on market in Mar 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
5 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 02050 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in 02050; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
