Is Byfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Byfield was a Neutral Market.
Key Takeaway
Byfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Byfield, MA
How much do homes in Byfield, MA cost?
Median Sold Price
$829,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Byfield have sold for 13% more than they did a year ago.
Summary: The median home sold price in Byfield was $829,000 in June 2024, up 13% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $517.5K | $877.5K | +69.6% |
| 3 Bedrooms | $780K | $742.5K | -4.8% |
| 4 Bedrooms | $746.5K | $1.0M | +37.3% |
| 5+ Bedrooms | - | $1.2M | N/A |
Summary: Byfield housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 69.6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 37.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Georgetown | $678K | $795K | +17.3% |
| Byfield | $733.4K | $829K | +13.0% |
| Rowley | $740K | $825K | +11.5% |
| Newbury | $840K | $880K | +4.8% |
| West Newbury | $807K | $817.4K | +1.3% |
Housing Supply in Byfield, MA
How many homes are available in Byfield, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Byfield real estate market had 13 homes for sale in June 2024, a 18.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Byfield housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Byfield, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Byfield in June 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Byfield, MA
How long does it take to sell a home in Byfield, MA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 23 Days | 20 Days | -13.0% |
Summary: Homes in Byfield had an average of 20 days on market in Jun 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
3 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 Byfield are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 3 homes were sold in Byfield; 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.
