Is 02451, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 02451 has remained a Seller's Market.
Key Takeaway
02451 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02451, MA
How much do homes in 02451, MA cost?
Median Sold Price
$769,500
$412/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 02451 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 02451 was $769,500 in April 2024, up 9.9% from last year, and the median price per square foot was $412.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349.9K | $382.5K | +9.3% |
| 2 Bedrooms | $552.5K | $593.5K | +7.4% |
| 3 Bedrooms | $686.5K | $768K | +11.9% |
| 4 Bedrooms | $838K | $929K | +10.9% |
| 5+ Bedrooms | $852K | $1.1M | +31.7% |
Summary: 02451 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 31.7%.
Housing Supply in 02451, MA
How many homes are available in 02451, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The 02451 real estate market had 28 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 19 | 14 | -26.3% |
| 4 Bedrooms | 4 | 9 | +125.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 02451 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 125%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02451, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 02451 in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% were sold over asking.
Days on Market for 02451, MA
How long does it take to sell a home in 02451, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 14 Days | -74.1% |
Summary: Homes in 02451 had an average of 14 days on market in Apr 2024, down by 74.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02451 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 02451; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
