Is 02122, 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, 02122 has remained a Seller's Market.
Key Takeaway
02122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02122, MA
How much do homes in 02122, MA cost?
Median Sold Price
$665,000
$472/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02122 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 02122 was $665,000 in March 2024, up 5.1% from last year, and the median price per square foot was $472.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $323.7K | $365K | +12.7% |
| 2 Bedrooms | $537.5K | $549.9K | +2.3% |
| 3 Bedrooms | $641.9K | $685K | +6.7% |
| 4 Bedrooms | $735K | $779K | +6.0% |
| 5+ Bedrooms | $1.0M | $1.0M | -2.8% |
Summary: 02122 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in 02122, MA
How many homes are available in 02122, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Summary: The 02122 real estate market had 36 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 02122 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02122, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 02122 in March 2024, up by 33.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for 02122, MA
How long does it take to sell a home in 02122, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 37 Days | -36.8% |
Summary: Homes in 02122 had an average of 37 days on market in Mar 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02122 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 02122; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
