Is Groton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Groton was a Seller's Market.
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
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $400K | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $500K | $565K | +13.0% |
4 Bedrooms | $505K | - | N/A |
5+ Bedrooms | - | - | 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 | $502.5K | $482.5K | -4.0% |
Dunstable | $932K | $436K | -53.2% |
Housing Supply in Groton, MA
How many homes are available in Groton, MA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 21 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 11 | 8 | -27.3% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 1 | 3 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 2 | -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
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 2024 | Feb 2024 | CHANGE |
---|---|---|
23 Days | 13 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
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.