Is Groton, 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, Groton was a Buyer's Market.
Key Takeaway
Groton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Groton, MA
How much do homes in Groton, MA cost?
Median Sold Price
$741,000
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Groton have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Groton was $741,000 in April 2024, down 1.2% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $275K | +111.5% |
| 2 Bedrooms | $432.4K | $485K | +12.2% |
| 3 Bedrooms | $645K | $685K | +6.2% |
| 4 Bedrooms | $857.5K | $815K | -5.0% |
| 5+ Bedrooms | $897.5K | $1.3M | +45.6% |
Summary: Groton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 111.5%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 45.6%.
Median Sold Price Compared To Nearby Cities
| Pepperell | $500K | $530K | +6.0% |
| Shirley | $469K | $474.4K | +1.2% |
| Groton | $750K | $741K | -1.2% |
| Ayer | $520K | $490K | -5.8% |
Housing Supply in Groton, MA
How many homes are available in Groton, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Summary: The Groton real estate market had 32 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Groton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Groton, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Groton in April 2024, up by 71.4% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% were sold over asking.
Days on Market for Groton, MA
How long does it take to sell a home in Groton, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 77 Days | +24.6% |
Summary: Homes in Groton had an average of 77 days on market in Apr 2024, up by 24.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Groton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Groton; 58% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
