Is 02721, 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, 02721 has remained a Seller's Market.
Key Takeaway
02721 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02721, MA
How much do homes in 02721, MA cost?
Median Sold Price
$440,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02721 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 02721 was $440,000 in March 2024, up 1.9% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $363K | +45.2% |
| 2 Bedrooms | $336K | $325K | -3.3% |
| 3 Bedrooms | $377.4K | $388.5K | +2.9% |
| 4 Bedrooms | $410K | $412.5K | +0.6% |
| 5+ Bedrooms | $505K | $540K | +6.9% |
Summary: 02721 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.2%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in 02721, MA
How many homes are available in 02721, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 59 | +13.5% |
Summary: The 02721 real estate market had 59 homes for sale in March 2024, a 13.5% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The 02721 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 66.7%, 3 bedroom homes increased by 27.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02721, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 02721 in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 8% were sold at asking, and 69% were sold over asking.
Days on Market for 02721, MA
How long does it take to sell a home in 02721, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 28 Days | -32.7% |
Summary: Homes in 02721 had an average of 28 days on market in Mar 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02721 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in 02721; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
