Is 02723, 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, 02723 has remained a Seller's Market.
Key Takeaway
02723 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02723, MA
How much do homes in 02723, MA cost?
Median Sold Price
$459,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02723 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 02723 was $459,000 in March 2024, up 2% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $313.4K | $288K | -8.1% |
| 3 Bedrooms | $375K | $405K | +8.0% |
| 4 Bedrooms | $360.4K | $400K | +11.0% |
| 5+ Bedrooms | $527.5K | $575K | +9.0% |
Summary: 02723 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 9%.
Housing Supply in 02723, MA
How many homes are available in 02723, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 24 | -27.3% |
Summary: The 02723 real estate market had 24 homes for sale in March 2024, a 27.3% decrease 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The 02723 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 decreased by 50%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02723, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 02723 in March 2024, down by 22.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 02723, MA
How long does it take to sell a home in 02723, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 41 Days | +11.2% |
Summary: Homes in 02723 had an average of 41 days on market in Mar 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02723 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 02723; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
