Is Agawam Town, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Agawam Town has remained a Seller's Market.
Key Takeaway
Agawam Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Agawam Town, MA
How much do homes in Agawam Town, MA cost?
Median Sold Price
$323,333
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Agawam Town have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Agawam Town was $323,333 in April 2024, up 8.9% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124K | $179.7K | +45.0% |
| 2 Bedrooms | $243K | $250K | +2.9% |
| 3 Bedrooms | $315K | $331.4K | +5.2% |
| 4 Bedrooms | $348K | $420.5K | +20.8% |
| 5+ Bedrooms | $415K | $437.4K | +5.4% |
Summary: Agawam Town housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Agawam | $270K | $301K | +11.5% |
| Agawam Town | $297K | $323.3K | +8.9% |
| West Springfield Town | $300K | $310K | +3.3% |
| West Springfield | $300K | $310K | +3.3% |
| Feeding Hills | $345K | $350K | +1.4% |
Housing Supply in Agawam Town, MA
How many homes are available in Agawam Town, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 65 | +4.8% |
Summary: The Agawam Town real estate market had 65 homes for sale in April 2024, a 4.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 27 | 32 | +18.5% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 6 | 2 | -66.7% |
Summary: The Agawam Town housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Agawam Town, you could pay more than the asking price. 65% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Agawam Town in April 2024, down by 4.8% month-over-month. Of the 20 sold homes, 25% were sold under asking, 10% were sold at asking, and 65% were sold over asking.
Days on Market for Agawam Town, MA
How long does it take to sell a home in Agawam Town, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 39 Days | +58.5% |
Summary: Homes in Agawam Town had an average of 39 days on market in Apr 2024, up by 58.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Agawam Town are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Agawam Town; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
