Is Amherst, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Amherst has remained a Seller's Market.
Housing Prices in Amherst, MA
How much do homes in Amherst, MA cost?
Median Sold Price
$477,500
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Amherst was $477,500 in February 2024, up 3% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $204K | $189.1K | -7.3% |
2 Bedrooms | $258K | $280K | +8.5% |
3 Bedrooms | $437.5K | $419.9K | -4.0% |
4 Bedrooms | $550.7K | $563K | +2.2% |
5+ Bedrooms | $726K | $735K | +1.2% |
Summary: Amherst housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
Granby | $307.5K | $363.3K | +18.1% |
Amherst | $463.5K | $477.5K | +3.0% |
Hadley | $563.9K | $540K | -4.2% |
Housing Supply in Amherst, MA
How many homes are available in Amherst, MA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
39 | 31 | -20.5% |
Summary: The Amherst real estate market had 31 homes for sale in February 2024, a 20.5% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 3 | -50.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Amherst 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Amherst in February 2024, up by 40.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for Amherst, MA
How long does it take to sell a home in Amherst, MA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
43 Days | 51 Days | +19.7% |
Summary: Homes in Amherst had an average of 51 days on market in Feb 2024, up by 19.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 14 homes were sold in Amherst; 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.