Is Central City, 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, Central City has remained a Seller's Market.
Housing Prices in Central City, MA
How much do homes in Central City, MA cost?
Median Sold Price
$494,500
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central City was $494,500 in April 2024, up 14.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $198.2K | +23.9% |
2 Bedrooms | $215K | $252.5K | +17.4% |
3 Bedrooms | $296K | $290K | -2.0% |
4 Bedrooms | $411K | $437.5K | +6.4% |
5+ Bedrooms | $551.1K | $650K | +17.9% |
Summary: Central City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.9%, 2 bedroom homes increased by 17.4%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 17.9%.
Median Sold Price Compared To Nearby Neighborhoods
Central City | $431K | $494.5K | +14.7% |
Elm Park | $372K | $425K | +14.2% |
Housing Supply in Central City, MA
How many homes are available in Central City, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 42 | -2.3% |
Summary: The Central City real estate market had 42 homes for sale in April 2024, a 2.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 5 | -28.6% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Central City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Central City in April 2024, up by 8.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for Central City, MA
How long does it take to sell a home in Central City, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 30 Days | +74.9% |
Summary: Homes in Central City had an average of 30 days on market in Apr 2024, up by 74.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Central City; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.