Is 02745, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02745 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 02745 has remained a Seller's Market.

Key Takeaway

02745 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02745, MA

How much do homes in 02745, MA cost?

Median Sold Price

$380,000

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$3,666(+1.0%)

Key Takeaway

Homes in 02745 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 02745 was $380,000 in February 2024, up 1% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $375K$318K
-15.2%
2 $300K$280K
-6.7%
3 $386.5K$404K
+4.5%
4 $399.9K$379.9K
-5.0%
5+ $445K$490K
+10.1%

Summary: 02745 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Zip Codes

02743
+8.2%
02745
+1.0%
02747
-2.0%

Housing Supply in 02745, MA

How many homes are available in 02745, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4635-23.9%

Summary: The 02745 real estate market had 35 homes for sale in February 2024, a 23.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 106
-40.0%
3 2518
-28.0%
4 54
-20.0%
5+ 67
+16.7%

Summary: The 02745 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 40%, 3 bedroom homes decreased by 28%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1710-41.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02745, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 02745 in February 2024, down by 41.2% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for 02745, MA

How long does it take to sell a home in 02745, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
58 Days41 Days-28.7%

Summary: Homes in 02745 had an average of 41 days on market in Feb 2024, down by 28.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02745 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 10 homes were sold in 02745; 60% of homes were sold within 30 days, 20% 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 28 Days Ago

Newest Listings in 02745, MA

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