Is 02571, 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, 02571 has remained a Seller's Market.
Key Takeaway
02571 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02571, MA
How much do homes in 02571, MA cost?
Median Sold Price
$401,500
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02571 have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in 02571 was $401,500 in March 2024, down 0.9% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.5K | $320K | +17.4% |
| 2 Bedrooms | $352.4K | $358.9K | +1.8% |
| 3 Bedrooms | $450K | $429K | -4.7% |
| 4 Bedrooms | $475K | $455K | -4.2% |
| 5+ Bedrooms | $537K | $632.5K | +17.8% |
Summary: 02571 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 17.8%.
Housing Supply in 02571, MA
How many homes are available in 02571, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 51 | +8.5% |
Summary: The 02571 real estate market had 51 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 02571 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 increased by 8.3%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02571, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 02571 in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for 02571, MA
How long does it take to sell a home in 02571, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 36 Days | -39.6% |
Summary: Homes in 02571 had an average of 36 days on market in Mar 2024, down by 39.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02571 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 02571; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
