Is Groveland, 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, Groveland was a Neutral 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
$594,500
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Groveland have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Groveland was $594,500 in April 2024, up 8.1% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | - | N/A |
| 2 Bedrooms | $431.5K | $447.5K | +3.7% |
| 3 Bedrooms | $550.9K | $590K | +7.1% |
| 4 Bedrooms | $655K | $821K | +25.3% |
| 5+ Bedrooms | $668K | $755K | +13.0% |
Summary: Groveland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
| Georgetown | $665K | $755K | +13.5% |
| Groveland | $549.9K | $594.5K | +8.1% |
| Haverhill | $470.1K | $482.4K | +2.6% |
| West Newbury | $807K | $810K | 0.4% |
Housing Supply in Groveland, MA
How many homes are available in Groveland, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Summary: The Groveland real estate market had 10 homes for sale in April 2024, a 33.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Groveland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Groveland, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Groveland in April 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 45 Days | +91.5% |
Summary: Homes in Groveland had an average of 45 days on market in Apr 2024, up by 91.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Groveland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Groveland; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
