Is 02140, 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, 02140 has remained a Seller's Market.
Key Takeaway
02140 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02140, MA
How much do homes in 02140, MA cost?
Median Sold Price
$1,014,000
$819/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02140 have sold for 11.8% less than they did a year ago.
Summary: The median home sold price in 02140 was $1,014,000 in March 2024, down 11.8% from last year, and the median price per square foot was $819.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $585K | $696.5K | +19.1% |
| 2 Bedrooms | $880K | $875K | -0.6% |
| 3 Bedrooms | $1.2M | $1.1M | -1.5% |
| 4 Bedrooms | $1.6M | $1.6M | -2.4% |
| 5+ Bedrooms | $1.6M | $1.9M | +20.2% |
Summary: 02140 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 20.2%.
Housing Supply in 02140, MA
How many homes are available in 02140, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 41 | -4.7% |
Summary: The 02140 real estate market had 41 homes for sale in March 2024, a 4.7% decrease 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 | 19 | 20 | +5.3% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 02140 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 5.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02140, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 02140 in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for 02140, MA
How long does it take to sell a home in 02140, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 23 Days | -46.0% |
Summary: Homes in 02140 had an average of 23 days on market in Mar 2024, down by 46% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02140 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in 02140; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
