Is Burncoat, 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, Burncoat has remained a Seller's Market.
Key Takeaway
Burncoat is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burncoat, MA
How much do homes in Burncoat, MA cost?
Median Sold Price
$400,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Burncoat have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Burncoat was $400,000 in April 2024, up 0.6% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218K | - | N/A |
| 2 Bedrooms | $337.5K | $377K | +11.7% |
| 3 Bedrooms | $393.7K | $420K | +6.7% |
| 4 Bedrooms | $455K | $439.9K | -3.3% |
| 5+ Bedrooms | $541K | $645K | +19.2% |
Summary: Burncoat housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Summit | $410K | $451.2K | +10.1% |
| Greendale | $390K | $422.5K | +8.3% |
| North Worcester | $395K | $420K | +6.3% |
| Burncoat | $397.4K | $400K | +0.6% |
Housing Supply in Burncoat, MA
How many homes are available in Burncoat, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Burncoat real estate market had 13 homes for sale in April 2024, a 18.8% decrease 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 | 6 | 3 | -50.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Burncoat 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burncoat, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Burncoat in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Burncoat, MA
How long does it take to sell a home in Burncoat, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 19 Days | +40.2% |
Summary: Homes in Burncoat had an average of 19 days on market in Apr 2024, up by 40.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burncoat are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Burncoat; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
