Is 02301, 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, 02301 has remained a Seller's Market.
Key Takeaway
02301 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02301, MA
How much do homes in 02301, MA cost?
Median Sold Price
$485,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02301 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 02301 was $485,000 in March 2024, up 3.6% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $225K | +7.1% |
| 2 Bedrooms | $291K | $315K | +8.2% |
| 3 Bedrooms | $449.9K | $465K | +3.4% |
| 4 Bedrooms | $525K | $550K | +4.8% |
| 5+ Bedrooms | $675K | $701.5K | +3.9% |
Summary: 02301 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 02301, MA
How many homes are available in 02301, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 108 | 108 | 0.0% |
Summary: The 02301 real estate market had 108 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 | 8 | +100.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 28 | 31 | +10.7% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 38 | 29 | -23.7% |
Summary: The 02301 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 23.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 21 | -30.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02301, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 02301 in March 2024, down by 30.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for 02301, MA
How long does it take to sell a home in 02301, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 31 Days | -29.1% |
Summary: Homes in 02301 had an average of 31 days on market in Mar 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02301 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in 02301; 62% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
