Is 02648, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 02648 was a Seller's Market.
Key Takeaway
02648 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 02648, MA
How much do homes in 02648, MA cost?
Median Sold Price
$610,000
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 02648 have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in 02648 was $610,000 in April 2024, down 4.2% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | - | N/A |
| 2 Bedrooms | $495K | $465K | -6.1% |
| 3 Bedrooms | $615K | $678K | +10.2% |
| 4 Bedrooms | $725K | $836.5K | +15.4% |
| 5+ Bedrooms | $1.6M | - | N/A |
Summary: 02648 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 02635 | $726.2K | $900K | +23.9% |
| 02632 | $585K | $650K | +11.1% |
| 02648 | $636.5K | $610K | -4.2% |
| 02655 | $1.3M | $935K | -30.7% |
Housing Supply in 02648, MA
How many homes are available in 02648, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The 02648 real estate market had 24 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 02648 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 decreased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02648, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 02648 in April 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 02648, MA
How long does it take to sell a home in 02648, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 38 Days | +256.3% |
Summary: Homes in 02648 had an average of 38 days on market in Apr 2024, up by 256.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02648 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in 02648; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
