Is 02540, 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, 02540 has remained a Buyer's Market.
Key Takeaway
02540 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 02540, MA
How much do homes in 02540, MA cost?
Median Sold Price
$917,500
$540/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 02540 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 02540 was $917,500 in April 2024, up 4.3% from last year, and the median price per square foot was $540.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $393.3K | +30.0% |
| 2 Bedrooms | $532.5K | $670K | +25.8% |
| 3 Bedrooms | $949.5K | $920K | -3.1% |
| 4 Bedrooms | $1.1M | $1.2M | +9.9% |
| 5+ Bedrooms | $1.5M | $1.0M | -31.0% |
Summary: 02540 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 25.8%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 31%.
Median Sold Price Compared To Nearby Zip Codes
| 02543 | $1.4M | $2.1M | +47.4% |
| 02556 | $780K | $900K | +15.4% |
| 02536 | $619.8K | $676.1K | +9.1% |
| 02540 | $880K | $917.5K | +4.3% |
Housing Supply in 02540, MA
How many homes are available in 02540, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 49 | +22.5% |
Summary: The 02540 real estate market had 49 homes for sale in April 2024, a 22.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 02540 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02540, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 02540 in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 02540, MA
How long does it take to sell a home in 02540, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 83 Days | 15 Days | -81.5% |
Summary: Homes in 02540 had an average of 15 days on market in Apr 2024, down by 81.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02540 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in 02540; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
