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 May 2021

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.

How much do homes in Amherst, MA cost?

Median Sold Price

$405,500

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$27,583(+7.3%)

Key Takeaway

Homes in Amherst have sold for 7.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $144K$168K
+16.7%
2 $197K$235K
+19.3%
3 $342.5K$375K
+9.5%
4 $450K$508.5K
+13.0%
5+ $575.7K$710K
+23.3%

Median Sold Price Compared To Nearby Cities

South Hadley
+15.4%
Hadley
+13.6%
Granby
+8.3%
Amherst
+7.3%

How many homes are available in Amherst, MA?

Number of Homes For Sale

Apr 2022May 2022%
6872+5.9%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 22
0.0%
2 99
0.0%
3 2424
0.0%
4 2225
+13.6%
5+ 1112
+9.1%

Number of Homes Sold

Apr 2022May 2022%
1517+13.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Amherst, you could pay more than the asking price. 70.6% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
27 Days18 Days-32.5%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Amherst, MA

Amherst, MA has 72 homes on the market. Between April 2022 and May 2022, Amherst, MA real estate market has seen increase in the number of listings by 5.9%. The median list price of listings available in May 2022 was $405,500, while the average time on the real estate market was 18 days. Between April 2022 and May 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 16.7%, prices of 2 bedrooms properties went up by 19.3%, the cost of 3 bedrooms properties went up by 9.5%, 4 bedrooms properties prices increased by 13%, prices of 5 bedrooms properties increased by 23.3%. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes remained the same, volume of 4 bedrooms homes went up by 13.6%, 5 bedrooms homes became 9.1% more available. Over 12 listings were sold over their listed price in May 2022 in Amherst, MA. In the same period over 3 listings were sold below the listed price and 2 listings were sold for the listed price.

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