Is Elm Park, 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, Elm Park has remained a Seller's Market.
Key Takeaway
Elm Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elm Park, MA
How much do homes in Elm Park, MA cost?
Median Sold Price
$425,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Elm Park have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Elm Park was $425,000 in April 2024, up 14.2% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $260K | +40.5% |
| 2 Bedrooms | $230K | $250K | +8.7% |
| 3 Bedrooms | $325K | $299.9K | -7.7% |
| 4 Bedrooms | $460K | $445K | -3.3% |
| 5+ Bedrooms | $565.1K | $697.5K | +23.4% |
Summary: Elm Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.5%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Bell Hill | $428K | $555K | +29.7% |
| Central City | $431K | $494.5K | +14.7% |
| Elm Park | $372K | $425K | +14.2% |
| Indian Lake East | $360K | $381K | +5.8% |
Housing Supply in Elm Park, MA
How many homes are available in Elm Park, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 13 | -31.6% |
Summary: The Elm Park real estate market had 13 homes for sale in April 2024, a 31.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Elm Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elm Park, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Elm Park in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Elm Park, MA
How long does it take to sell a home in Elm Park, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 30 Days | +69.8% |
Summary: Homes in Elm Park had an average of 30 days on market in Apr 2024, up by 69.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elm Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Elm Park; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
