Is Auburn, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Auburn has remained a Seller's Market.
Key Takeaway
Auburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Auburn, MA
How much do homes in Auburn, MA cost?
Median Sold Price
$428,250
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Auburn have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Auburn was $428,250 in March 2024, up 3.2% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $162.5K | -45.8% |
| 2 Bedrooms | $335.5K | $350K | +4.3% |
| 3 Bedrooms | $415K | $422K | +1.7% |
| 4 Bedrooms | $473K | $515K | +8.9% |
| 5+ Bedrooms | $540K | $599.5K | +11.0% |
Summary: Auburn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
| Millbury | $429K | $475K | +10.7% |
| Auburn | $415K | $428.2K | +3.2% |
| North Oxford | $285K | $286.5K | 0.5% |
Housing Supply in Auburn, MA
How many homes are available in Auburn, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Summary: The Auburn real estate market had 42 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 16 | 12 | -25.0% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Auburn housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Auburn, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Auburn in March 2024, up by 70.0% month-over-month. Of the 17 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for Auburn, MA
How long does it take to sell a home in Auburn, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 23 Days | -54.1% |
Summary: Homes in Auburn had an average of 23 days on market in Mar 2024, down by 54.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Auburn are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Auburn; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
