Is Bank Square, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bank Square has remained a Buyer's Market.
Key Takeaway
Bank Square is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bank Square, MA
How much do homes in Bank Square, MA cost?
Median Sold Price
$682,500
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bank Square have sold for 5% more than they did a year ago.
Summary: The median home sold price in Bank Square was $682,500 in April 2024, up 5% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $369.9K | $470K | +27.1% |
| 2 Bedrooms | $575K | $590K | +2.6% |
| 3 Bedrooms | $650K | $700K | +7.7% |
| 4 Bedrooms | $867.5K | $1.0M | +22.2% |
| 5+ Bedrooms | $867.5K | $875K | +0.9% |
Summary: Bank Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Bank Square | $650K | $682.5K | +5.0% |
| Southside | $725K | $750K | +3.4% |
Housing Supply in Bank Square, MA
How many homes are available in Bank Square, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Summary: The Bank Square real estate market had 12 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 0 | 3 | +100.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Bank Square housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bank Square, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Bank Square in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Bank Square, MA
How long does it take to sell a home in Bank Square, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 104 Days | 12 Days | -88.5% |
Summary: Homes in Bank Square had an average of 12 days on market in Apr 2024, down by 88.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bank Square are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Bank Square; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
