Is Centralville, 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, Centralville was a Neutral Market.
Key Takeaway
Centralville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centralville, MA
How much do homes in Centralville, MA cost?
Median Sold Price
$430,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Centralville have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Centralville was $430,000 in April 2024, up 3.6% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $172.5K | -6.8% |
| 2 Bedrooms | $290K | $330K | +13.8% |
| 3 Bedrooms | $396K | $411.5K | +3.9% |
| 4 Bedrooms | $453.5K | $500.5K | +10.4% |
| 5+ Bedrooms | $585K | $672.5K | +15.0% |
Summary: Centralville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Neighborhoods
| Belvidere | $495K | $571.2K | +15.4% |
| Centralville | $415K | $430K | +3.6% |
Housing Supply in Centralville, MA
How many homes are available in Centralville, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 34 | +41.7% |
Summary: The Centralville real estate market had 34 homes for sale in April 2024, a 41.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Centralville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centralville, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Centralville in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for Centralville, MA
How long does it take to sell a home in Centralville, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 28 Days | +35.1% |
Summary: Homes in Centralville had an average of 28 days on market in Apr 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
5 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 Centralville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Centralville; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
