Is Groton, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Groton is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Groton was a Seller's Market.

Key Takeaway

Groton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Groton, MA

How much do homes in Groton, MA cost?

Median Sold Price

$482,500

$348/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$20,000(-4.0%)

Key Takeaway

Homes in Groton have sold for 4% less than they did a month ago.

Summary: The median home sold price in Groton was $482,500 in February 2024, down 4% from last month, and the median price per square foot was $348.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 -$400K
N/A
2 --
N/A
3 $500K$565K
+13.0%
4 $505K-
N/A
5+ --
N/A

Summary: Groton housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Groton
-4.0%
Dunstable
-53.2%

Housing Supply in Groton, MA

How many homes are available in Groton, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2321-8.7%

Summary: The Groton real estate market had 21 homes for sale in February 2024, a 8.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 44
0.0%
3 118
-27.3%
4 65
-16.7%
5+ 13
+200.0%

Summary: The Groton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Groton, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Groton in February 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Jan 2024Feb 2024CHANGE
23 Days13 Days-41.7%

Summary: Homes in Groton had an average of 13 days on market in Feb 2024, down by 41.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Groton are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Groton; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Groton, MA

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