Is Cobble Hill / Ward 2, 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, Cobble Hill / Ward 2 was a Seller's Market.
Key Takeaway
Cobble Hill / Ward 2 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cobble Hill / Ward 2, MA
How much do homes in Cobble Hill / Ward 2, MA cost?
Median Sold Price
$930,000
$723/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cobble Hill / Ward 2 have sold for 12.7% less than they did a year ago.
Summary: The median home sold price in Cobble Hill / Ward 2 was $930,000 in April 2024, down 12.7% from last year, and the median price per square foot was $723.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $545K | $650K | +19.3% |
| 2 Bedrooms | $865K | $832.4K | -3.8% |
| 3 Bedrooms | $1.2M | $1.1M | -5.8% |
| 4 Bedrooms | $1.8M | $1.1M | -35.7% |
| 5+ Bedrooms | $1.2M | $1.4M | +16.8% |
Summary: Cobble Hill / Ward 2 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Hill | $1.0M | $1.2M | +21.8% |
| Cobble Hill / Ward 2 | $1.0M | $930K | -12.7% |
| Union Square / Prospect | $1.1M | $890K | -21.6% |
| Porter Square | $1.3M | $882K | -35.9% |
Housing Supply in Cobble Hill / Ward 2, MA
How many homes are available in Cobble Hill / Ward 2, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 30 | +66.7% |
Summary: The Cobble Hill / Ward 2 real estate market had 30 homes for sale in April 2024, a 66.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 5 | 10 | +100.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Cobble Hill / Ward 2 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cobble Hill / Ward 2, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Cobble Hill / Ward 2 in April 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Cobble Hill / Ward 2, MA
How long does it take to sell a home in Cobble Hill / Ward 2, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 14 Days | -43.4% |
Summary: Homes in Cobble Hill / Ward 2 had an average of 14 days on market in Apr 2024, down by 43.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cobble Hill / Ward 2 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Cobble Hill / Ward 2; 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.
