Is Central Square, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Central Square was a Neutral 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
$712,500
$691/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Central Square have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Central Square was $712,500 in April 2024, up 18.9% from last year, and the median price per square foot was $691.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $499K | $525K | +5.2% |
| 2 Bedrooms | $599.4K | $689K | +14.9% |
| 3 Bedrooms | $812.5K | $840K | +3.4% |
| 4 Bedrooms | $590K | - | N/A |
| 5+ Bedrooms | $1.2M | $1.1M | -8.3% |
Summary: Central Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Square | $599.2K | $712.5K | +18.9% |
| East Boston | $645.3K | $715K | +10.8% |
Housing Supply in Central Square, MA
How many homes are available in Central Square, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Summary: The Central Square real estate market had 17 homes for sale in April 2024, a 29.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Central Square housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Square, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Central Square in April 2024, down by 58.3% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 26 Days | -40.1% |
Summary: Homes in Central Square had an average of 26 days on market in Apr 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 April 2024, 5 homes were sold in Central Square; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
