Is Amherst, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$482,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Amherst have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Amherst was $482,000 in June 2024, up 2.6% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.9K | $194.9K | +8.4% |
| 2 Bedrooms | $255.7K | $299.1K | +17.0% |
| 3 Bedrooms | $437.5K | $439.9K | +0.6% |
| 4 Bedrooms | $525K | $625K | +19.0% |
| 5+ Bedrooms | $728K | $725K | -0.4% |
Summary: Amherst housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Granby | $295K | $350K | +18.6% |
| Amherst | $470K | $482K | +2.6% |
Housing Supply in Amherst, MA
How many homes are available in Amherst, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 74 | 66 | -10.8% |
Summary: The Amherst real estate market had 66 homes for sale in June 2024, a 10.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 28 | 24 | -14.3% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Amherst housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amherst, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Amherst in June 2024, the same as the previous month. Of the 21 sold homes, 38% were sold under asking, 10% were sold at asking, and 52% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 22 Days | 31 Days | +40.3% |
Summary: Homes in Amherst had an average of 31 days on market in Jun 2024, up by 40.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Amherst are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 21 homes were sold in Amherst; 62% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
