Is Davis Square, 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, Davis Square has remained a Seller's Market.
Key Takeaway
Davis Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Davis Square, MA
How much do homes in Davis Square, MA cost?
Median Sold Price
$1,414,950
$708/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Davis Square have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Davis Square was $1,414,950 in April 2024, up 11.7% from last year, and the median price per square foot was $708.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $875K | $630K | -28.0% |
| 2 Bedrooms | $925K | $1.1M | +23.2% |
| 3 Bedrooms | $1.1M | $1.3M | +17.1% |
| 4 Bedrooms | $1.6M | $1.5M | -3.3% |
| 5+ Bedrooms | $1.5M | $1.9M | +19.4% |
Summary: Davis Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28%, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Hill | $1.0M | $1.2M | +21.8% |
| Powderhouse | $1.1M | $1.2M | +13.9% |
| Davis Square | $1.2M | $1.4M | +11.7% |
| Porter Square | $1.3M | $882K | -35.9% |
Housing Supply in Davis Square, MA
How many homes are available in Davis Square, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Davis Square real estate market had 13 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 1 | 4 | +300.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Davis Square 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 remained the same, 3 bedroom homes increased by 300%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davis Square, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Davis Square in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Davis Square, MA
How long does it take to sell a home in Davis Square, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 9 Days | -85.3% |
Summary: Homes in Davis Square had an average of 9 days on market in Apr 2024, down by 85.3% compared to last year.
Breakdown of Home Sale Times
3 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 Davis Square are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Davis Square; 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.
