Is Broadmeadow, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Broadmeadow has remained a Seller's Market.
Key Takeaway
Broadmeadow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broadmeadow, MA
How much do homes in Broadmeadow, MA cost?
Median Sold Price
$415,000
$280/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Broadmeadow have sold for 2.9% more than they did a month ago.
Summary: The median home sold price in Broadmeadow was $415,000 in April 2024, up 2.9% from last month, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $357K | $260K | -27.2% |
| 3 Bedrooms | - | $495K | N/A |
| 4 Bedrooms | $490K | $550K | +12.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Broadmeadow housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Broadmeadow | $403.5K | $415K | +2.9% |
| Union Hill | $660K | $250K | -62.1% |
Housing Supply in Broadmeadow, MA
How many homes are available in Broadmeadow, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The Broadmeadow real estate market had 19 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Broadmeadow 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 increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadmeadow, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Broadmeadow in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Broadmeadow, MA
How long does it take to sell a home in Broadmeadow, MA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 14 Days | -46.2% |
Summary: Homes in Broadmeadow had an average of 14 days on market in Apr 2024, down by 46.2% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broadmeadow are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Broadmeadow; 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.
