Is 02118, 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, 02118 was a Seller's Market.
Housing Prices in 02118, MA
How much do homes in 02118, MA cost?
Median Sold Price
$1,292,500
$1,105/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 02118 was $1,292,500 in March 2024, up 17% from last year, and the median price per square foot was $1,105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $797K | $767.5K | -3.7% |
2 Bedrooms | $1.1M | $1.2M | +15.4% |
3 Bedrooms | $2.1M | $2.1M | +4.0% |
4 Bedrooms | $3.2M | $2.7M | -17.3% |
5+ Bedrooms | $3.3M | $3.7M | +12.3% |
Summary: 02118 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes increased by 12.3%.
Housing Supply in 02118, MA
How many homes are available in 02118, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
95 | 133 | +40.0% |
Summary: The 02118 real estate market had 133 homes for sale in March 2024, a 40.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 38 | +52.0% |
2 Bedrooms | 34 | 46 | +35.3% |
3 Bedrooms | 23 | 31 | +34.8% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 02118 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 52%, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 02118 in March 2024, up by 14.3% month-over-month. Of the 16 sold homes, 31% were sold under asking, 50% were sold at asking, and 19% were sold over asking.
Days on Market for 02118, MA
How long does it take to sell a home in 02118, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 36 Days | -44.6% |
Summary: Homes in 02118 had an average of 36 days on market in Mar 2024, down by 44.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 02118; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.