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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Amherst is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

+$14,000(+3.0%)

Key Takeaway

Homes in Amherst have sold for 3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $204K$189.1K
-7.3%
2 $258K$280K
+8.5%
3 $437.5K$419.9K
-4.0%
4 $550.7K$563K
+2.2%
5+ $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
+18.1%
Amherst
+3.0%
Hadley
-4.2%

Housing Supply in Amherst, MA

How many homes are available in Amherst, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3931-20.5%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 63
-50.0%
3 1111
0.0%
4 1412
-14.3%
5+ 85
-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 2024Feb 2024CHANGE
1014+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Amherst, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
43 Days51 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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