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 February 2023

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.

Housing Prices in Groveland, MA

How much do homes in Groveland, MA cost?

Median Sold Price

$599,000

$325/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$74,000(+14.1%)

Key Takeaway

Homes in Groveland have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in Groveland was $599,000 in February 2024, up 14.1% from last year, and the median price per square foot was $325.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $230K-
N/A
2 $431.5K$440K
+2.0%
3 $550.9K$590K
+7.1%
4 $650K$821K
+26.3%
5+ $668K$755K
+13.0%

Summary: Groveland housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 13%.

Median Sold Price Compared To Nearby Cities

Groveland
+14.1%
Haverhill
+4.1%
Byfield
+2.8%
West Newbury
-2.9%

Housing Supply in Groveland, MA

How many homes are available in Groveland, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
118-27.3%

Summary: The Groveland real estate market had 8 homes for sale in February 2024, a 27.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 43
-25.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Groveland 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 decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
42-50.0%

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 Groveland, 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 Groveland in February 2024, down by 50.0% 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 Groveland, MA

How long does it take to sell a home in Groveland, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
12 Days107 Days+756.0%

Summary: Homes in Groveland had an average of 107 days on market in Feb 2024, up by 756% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During February 2024, 2 homes were sold in Groveland; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 1 Day Ago

Newest Listings in Groveland, MA

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