Is 02492, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02492 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 02492 was a Seller's Market.

Key Takeaway

02492 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 02492, MA

How much do homes in 02492, MA cost?

Median Sold Price

$1,462,500

$499/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$12,500(+0.9%)

Key Takeaway

Homes in 02492 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 02492 was $1,462,500 in February 2024, up 0.9% from last year, and the median price per square foot was $499.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $355K$377.5K
+6.3%
2 $480K$550K
+14.6%
3 $1.0M$1.0M
0.5%
4 $1.5M$1.5M
-2.1%
5+ $2.4M$2.5M
+6.3%

Summary: 02492 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

02481
+10.0%
02482
+3.6%
02492
+0.9%
02030
+0.6%
02494
-0.2%

Housing Supply in 02492, MA

How many homes are available in 02492, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3951+30.8%

Summary: The 02492 real estate market had 51 homes for sale in February 2024, a 30.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 24
+100.0%
3 48
+100.0%
4 1112
+9.1%
5+ 2127
+28.6%

Summary: The 02492 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02492, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 02492 in February 2024, down by 60.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 02492, MA

How long does it take to sell a home in 02492, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
52 Days25 Days-51.0%

Summary: Homes in 02492 had an average of 25 days on market in Feb 2024, down by 51% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02492 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 4 homes were sold in 02492; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

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