Is 02148, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02148 is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, 02148 has remained a Seller's Market.

Key Takeaway

02148 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02148, MA

How much do homes in 02148, MA cost?

Median Sold Price

$670,000

$419/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$76,666(+12.9%)

Key Takeaway

Homes in 02148 have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in 02148 was $670,000 in June 2024, up 12.9% from last year, and the median price per square foot was $419.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $340K$365.5K
+7.5%
2 $420K$478.5K
+13.9%
3 $595K$671K
+12.8%
4 $700K$800K
+14.3%
5+ $850K$860K
+1.2%

Summary: 02148 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Zip Codes

02148
+12.9%
02155
+12.8%
02176
+11.4%
02149
+6.0%
02151
-2.5%

Housing Supply in 02148, MA

How many homes are available in 02148, MA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
8991+2.2%

Summary: The 02148 real estate market had 91 homes for sale in June 2024, a 2.2% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 55
0.0%
2 2419
-20.8%
3 2126
+23.8%
4 1514
-6.7%
5+ 2427
+12.5%

Summary: The 02148 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20.8%, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2434+41.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02148, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in 02148 in June 2024, up by 41.7% month-over-month. Of the 34 sold homes, 29% were sold under asking, 6% were sold at asking, and 65% were sold over asking.

Days on Market for 02148, MA

How long does it take to sell a home in 02148, MA?

Average Sale Time

Jun 2023Jun 2024CHANGE
19 Days21 Days+8.1%

Summary: Homes in 02148 had an average of 21 days on market in Jun 2024, up by 8.1% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02148 are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 34 homes were sold in 02148; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in 02148, MA

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