Is 02056, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 02056 was a Neutral 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
$727,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 02056 have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in 02056 was $727,000 in April 2024, up 2.4% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $420K | +21.7% |
| 2 Bedrooms | $610K | $685K | +12.3% |
| 3 Bedrooms | $605K | $650K | +7.4% |
| 4 Bedrooms | $825K | $824.1K | -0.1% |
| 5+ Bedrooms | $949K | $1.2M | +36.9% |
Summary: 02056 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 36.9%.
Housing Supply in 02056, MA
How many homes are available in 02056, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 32 | +88.2% |
Summary: The 02056 real estate market had 32 homes for sale in April 2024, a 88.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 1 | 6 | +500.0% |
| 4 Bedrooms | 9 | 18 | +100.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 02056 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 remained the same, 3 bedroom homes increased by 500%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 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 6 homes were sold or pending in 02056 in April 2024, up by 50.0% month-over-month. Of the 6 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 26 Days | +9.3% |
Summary: Homes in 02056 had an average of 26 days on market in Apr 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
5 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 April 2024, 6 homes were sold in 02056; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
