Is Byfield, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Byfield is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Byfield has remained a Seller's 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

$880,000

$354/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$142,550(+19.3%)

Key Takeaway

Homes in Byfield have sold for 19.3% more than they did a year ago.

Summary: The median home sold price in Byfield was $880,000 in September 2024, up 19.3% from last year, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $755K$1.0M
+35.1%
3 $719.9K$750K
+4.2%
4 $715K$952.5K
+33.2%
5+ $1.5M$1.2M
-18.5%

Summary: Byfield housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes decreased by 18.5%.

Median Sold Price Compared To Nearby Cities

Byfield
+19.3%
Newbury
+12.3%
West Newbury
+11.2%
Georgetown
+7.1%

Housing Supply in Byfield, MA

How many homes are available in Byfield, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
76-14.3%

Summary: The Byfield real estate market had 6 homes for sale in September 2024, a 14.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The Byfield housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Byfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Byfield in September 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
16 Days18 Days+12.5%

Summary: Homes in Byfield had an average of 18 days on market in Sep 2024, up by 12.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Byfield are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 2 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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