Is Deerfield, 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, Deerfield was a Seller's Market.
Key Takeaway
Deerfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Deerfield, MA
How much do homes in Deerfield, MA cost?
Median Sold Price
$375,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Deerfield have sold for 9.8% less than they did a year ago.
Summary: The median home sold price in Deerfield was $375,000 in April 2024, down 9.8% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196.5K | - | N/A |
| 2 Bedrooms | $342.9K | $330K | -3.8% |
| 3 Bedrooms | $421K | $360K | -14.5% |
| 4 Bedrooms | $727K | $539.9K | -25.7% |
| 5+ Bedrooms | $545K | - | N/A |
Summary: Deerfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 25.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Montague | $276K | $307K | +11.2% |
| South Deerfield | $400K | $417K | +4.3% |
| Deerfield | $415.5K | $375K | -9.8% |
Housing Supply in Deerfield, MA
How many homes are available in Deerfield, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Summary: The Deerfield real estate market had 12 homes for sale in April 2024, a 50.0% 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Deerfield 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deerfield, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Deerfield in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Deerfield, MA
How long does it take to sell a home in Deerfield, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 67 Days | 110 Days | +64.2% |
Summary: Homes in Deerfield had an average of 110 days on market in Apr 2024, up by 64.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Deerfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Deerfield; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
