Is 02131, 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, 02131 has remained a Seller's Market.
Key Takeaway
02131 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02131, MA
How much do homes in 02131, MA cost?
Median Sold Price
$685,000
$486/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in 02131 has remained the same since last year.
Summary: The median home sold price in 02131 was $685,000 in March 2024, the same as last year, and the median price per square foot was $486.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $419.9K | +37.7% |
| 2 Bedrooms | $593.2K | $573K | -3.4% |
| 3 Bedrooms | $687.5K | $680K | -1.1% |
| 4 Bedrooms | $772.4K | $881.7K | +14.2% |
| 5+ Bedrooms | $910K | $935K | +2.7% |
Summary: 02131 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.7%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 2.7%.
Housing Supply in 02131, MA
How many homes are available in 02131, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 44 | +12.8% |
Summary: The 02131 real estate market had 44 homes for sale in March 2024, a 12.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 13 | 20 | +53.8% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 02131 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 53.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02131, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 02131 in March 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for 02131, MA
How long does it take to sell a home in 02131, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 54 Days | +9.7% |
Summary: Homes in 02131 had an average of 54 days on market in Mar 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02131 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 02131; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
