Is 02056, 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, 02056 has remained a Seller's Market.
Key Takeaway
02056 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02056, MA
How much do homes in 02056, MA cost?
Median Sold Price
$700,000
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02056 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 02056 was $700,000 in March 2024, down 1.5% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $420K | +21.7% |
| 2 Bedrooms | $617.5K | $670K | +8.5% |
| 3 Bedrooms | $610K | $645K | +5.7% |
| 4 Bedrooms | $850K | $823.3K | -3.1% |
| 5+ Bedrooms | $949K | $1.2M | +26.4% |
Summary: 02056 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 26.4%.
Housing Supply in 02056, MA
How many homes are available in 02056, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The 02056 real estate market had 17 homes for sale in March 2024, a 6.3% increase 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 02056 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 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02056, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 02056 in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 02056, MA
How long does it take to sell a home in 02056, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 42 Days | +5.0% |
Summary: Homes in 02056 had an average of 42 days on market in Mar 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02056 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in 02056; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
