Is 02631, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02631 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 02631 has remained a Seller's Market.

Key Takeaway

02631 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02631, MA

How much do homes in 02631, MA cost?

Median Sold Price

$700,000

$463/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$40,000(+6.1%)

Key Takeaway

Homes in 02631 have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in 02631 was $700,000 in February 2024, up 6.1% from last year, and the median price per square foot was $463.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $274.5K$304K
+10.7%
2 $452K$502K
+11.1%
3 $735K$820K
+11.6%
4 $920K$875K
-4.9%
5+ $1.3M$1.5M
+18.4%

Summary: 02631 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 18.4%.

Median Sold Price Compared To Nearby Zip Codes

02660
+16.2%
02631
+6.1%
02645
+3.7%
02653
-9.1%

Housing Supply in 02631, MA

How many homes are available in 02631, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3833-13.2%

Summary: The 02631 real estate market had 33 homes for sale in February 2024, a 13.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1512
-20.0%
3 1514
-6.7%
4 22
0.0%
5+ 54
-20.0%

Summary: The 02631 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02631, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 02631 in February 2024, up by 42.9% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 02631, MA

How long does it take to sell a home in 02631, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
39 Days60 Days+52.2%

Summary: Homes in 02631 had an average of 60 days on market in Feb 2024, up by 52.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02631 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 10 homes were sold in 02631; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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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