Is Ellis, 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, Ellis has remained a Buyer's Market.
Key Takeaway
Ellis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ellis, MA
How much do homes in Ellis, MA cost?
Median Sold Price
$1,275,000
$1,190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ellis have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Ellis was $1,275,000 in April 2024, down 5.6% from last year, and the median price per square foot was $1,190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $700K | $745K | +6.4% |
| 2 Bedrooms | $1.3M | $1.2M | -8.6% |
| 3 Bedrooms | $2.5M | $2.2M | -9.0% |
| 4 Bedrooms | $2.4M | $2.6M | +9.9% |
| 5+ Bedrooms | $4.1M | $2.4M | -40.0% |
Summary: Ellis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 40%.
Median Sold Price Compared To Nearby Neighborhoods
| Ellis | $1.3M | $1.2M | -5.6% |
| Bay Village | $2.0M | $1.3M | -33.3% |
Housing Supply in Ellis, MA
How many homes are available in Ellis, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 39 | +50.0% |
Summary: The Ellis real estate market had 39 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 | 7 | 11 | +57.1% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Ellis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellis, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Ellis in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Ellis, MA
How long does it take to sell a home in Ellis, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 81 Days | +581.7% |
Summary: Homes in Ellis had an average of 81 days on market in Apr 2024, up by 581.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ellis has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Ellis; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
