Is 02127, 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, 02127 has remained a Seller's Market.
Housing Prices in 02127, MA
How much do homes in 02127, MA cost?
Median Sold Price
$851,000
$768/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 02127 was $851,000 in March 2024, up 2.5% from last year, and the median price per square foot was $768.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $540K | $575K | +6.5% |
2 Bedrooms | $788K | $820K | +4.1% |
3 Bedrooms | $1.1M | $1.0M | -1.4% |
4 Bedrooms | $1.3M | $1.2M | -8.8% |
5+ Bedrooms | $1.4M | $1.7M | +17.2% |
Summary: 02127 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 17.2%.
Housing Supply in 02127, MA
How many homes are available in 02127, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
146 | 177 | +21.2% |
Summary: The 02127 real estate market had 177 homes for sale in March 2024, a 21.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 24 | +20.0% |
2 Bedrooms | 66 | 85 | +28.8% |
3 Bedrooms | 33 | 42 | +27.3% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The 02127 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 36 | +125.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 02127 in March 2024, up by 125.0% month-over-month. Of the 36 sold homes, 72% were sold under asking, 17% were sold at asking, and 11% were sold over asking.
Days on Market for 02127, MA
How long does it take to sell a home in 02127, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 44 Days | +2.5% |
Summary: Homes in 02127 had an average of 44 days on market in Mar 2024, up by 2.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 02127; 44% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.