Is 02302, 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, 02302 has remained a Seller's Market.
Housing Prices in 02302, MA
How much do homes in 02302, MA cost?
Median Sold Price
$460,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 02302 was $460,000 in March 2024, up 4.5% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $367.5K | +67.0% |
2 Bedrooms | $340K | $370K | +8.8% |
3 Bedrooms | $425K | $440K | +3.5% |
4 Bedrooms | $467.5K | $528.5K | +13.0% |
5+ Bedrooms | $622.5K | $630K | +1.2% |
Summary: 02302 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in 02302, MA
How many homes are available in 02302, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 82 | -1.2% |
Summary: The 02302 real estate market had 82 homes for sale in March 2024, a 1.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 42 | 44 | +4.8% |
4 Bedrooms | 20 | 20 | 0.0% |
5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The 02302 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 31 | +121.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 02302 in March 2024, up by 121.4% month-over-month. Of the 31 sold homes, 35% were sold under asking, 6% were sold at asking, and 58% were sold over asking.
Days on Market for 02302, MA
How long does it take to sell a home in 02302, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 23 Days | -44.7% |
Summary: Homes in 02302 had an average of 23 days on market in Mar 2024, down by 44.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 02302; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.