Is 02481, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 02481 was a Neutral Market.
Key Takeaway
02481 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02481, MA
How much do homes in 02481, MA cost?
Median Sold Price
$2,200,000
$606/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02481 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 02481 was $2,200,000 in March 2024, up 7.3% from last year, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $750K | N/A |
| 2 Bedrooms | $1.1M | $1.0M | -13.8% |
| 3 Bedrooms | $1.3M | $1.2M | -6.5% |
| 4 Bedrooms | $1.9M | $1.9M | +0.6% |
| 5+ Bedrooms | $2.8M | $3.0M | +6.2% |
Summary: 02481 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in 02481, MA
How many homes are available in 02481, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 44 | +4.8% |
Summary: The 02481 real estate market had 44 homes for sale in March 2024, a 4.8% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The 02481 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 14.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02481, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 02481 in March 2024, up by 100.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for 02481, MA
How long does it take to sell a home in 02481, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 27 Days | -54.1% |
Summary: Homes in 02481 had an average of 27 days on market in Mar 2024, down by 54.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02481 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 02481; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
