Is 02703, 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, 02703 has remained a Seller's Market.
Key Takeaway
02703 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02703, MA
How much do homes in 02703, MA cost?
Median Sold Price
$471,312
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02703 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 02703 was $471,312 in March 2024, up 4.9% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.7K | $185.5K | +14.0% |
| 2 Bedrooms | $305K | $335K | +9.8% |
| 3 Bedrooms | $438.3K | $470K | +7.2% |
| 4 Bedrooms | $537.5K | $565K | +5.1% |
| 5+ Bedrooms | $560K | $617.8K | +10.3% |
Summary: 02703 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 10.3%.
Housing Supply in 02703, MA
How many homes are available in 02703, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 87 | 95 | +9.2% |
Summary: The 02703 real estate market had 95 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 17 | +41.7% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The 02703 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 41.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02703, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 02703 in March 2024, down by 25.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% were sold over asking.
Days on Market for 02703, MA
How long does it take to sell a home in 02703, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 23 Days | -5.3% |
Summary: Homes in 02703 had an average of 23 days on market in Mar 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02703 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in 02703; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
