Is Central Square, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Central Square has remained a Seller's Market.
Key Takeaway
Central Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Square, MA
How much do homes in Central Square, MA cost?
Median Sold Price
$882,500
$873/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Central Square have sold for 19% less than they did a year ago.
Summary: The median home sold price in Central Square was $882,500 in March 2024, down 19% from last year, and the median price per square foot was $873.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $584.5K | $720K | +23.2% |
| 2 Bedrooms | $906.5K | $859.7K | -5.2% |
| 3 Bedrooms | $1.5M | $1.1M | -22.8% |
| 4 Bedrooms | $1.2M | $2.3M | +90.3% |
| 5+ Bedrooms | $3.8M | $2.0M | -47.9% |
Summary: Central Square housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 22.8%, 4 bedroom homes increased by 90.3%, and 5+ bedroom homes decreased by 47.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Cambridgeport | $1.3M | $1.0M | -16.2% |
| Central Square | $1.0M | $882.5K | -19.0% |
| Inman Square | $1.2M | $898.7K | -29.5% |
| Wellington-Harrington | $1.2M | $890K | -30.7% |
Housing Supply in Central Square, MA
How many homes are available in Central Square, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The Central Square real estate market had 18 homes for sale in March 2024, a 38.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Central Square housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Square, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Central Square in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Central Square, MA
How long does it take to sell a home in Central Square, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 68 Days | +189.9% |
Summary: Homes in Central Square had an average of 68 days on market in Mar 2024, up by 189.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Square are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Central Square; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
