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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Groveland is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Groveland has remained a Seller's Market.

Key Takeaway

Groveland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Groveland, MA cost?

Median Sold Price

$519,000

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$1,500(+0.3%)

Key Takeaway

The sold price of homes in Groveland has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 $363.7K$420K
+15.5%
3 $492.5K$519K
+5.4%
4 $595K$690K
+16.0%
5+ $610K$671.5K
+10.1%

Median Sold Price Compared To Nearby Cities

Georgetown
+17.5%
Haverhill
+13.8%
West Newbury
+9.9%
Groveland
0.3%
Byfield
-15.8%

How many homes are available in Groveland, MA?

Number of Homes For Sale

Apr 2022May 2022%
2129+38.1%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 45
+25.0%
3 813
+62.5%
4 58
+60.0%
5+ 43
-25.0%

Number of Homes Sold

Apr 2022May 2022%
46+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Groveland, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
15 Days14 Days-7.5%

Breakdown of Home Sale Times

6 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 Groveland are selling fast, if you're buying plan to act quickly.

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

About Groveland, MA

Homes for sale in Groveland, MA have reached 29. The number of listings in Groveland, MA increased by 38.1% between April 2022 and May 2022. Listings spent 14 days on the market in May 2022, and had a median list price of $519,000 during the same period. Between April 2022 and May 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 15.5%, 3 bedrooms properties became 5.4% more expensive, prices of 4 bedrooms properties went up by 16%, 5 bedrooms properties became 10.1% more expensive. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went up by 25%, 3 bedrooms homes inventory increased by 62.5%, the quantity of 4 bedrooms homes went up by 60%, the quantity of 5 bedrooms homes went down by 25%. Groveland, MA housing market in May 2022 saw over 6 listings sold above listed price, more than 0 sold at listed price and over 0 sold below.

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