Is Harvard Square, 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, Harvard Square was a Seller's Market.
Housing Prices in Harvard Square, MA
How much do homes in Harvard Square, MA cost?
Median Sold Price
$1,121,000
$1,086/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Harvard Square was $1,121,000 in April 2024, down 25.9% from last year, and the median price per square foot was $1,086.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $585K | $735K | +25.6% |
2 Bedrooms | $1.1M | $1.4M | +26.2% |
3 Bedrooms | $2.8M | $1.8M | -33.9% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $2.4M | $1.7M | -28.2% |
Summary: Harvard Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.6%, 2 bedroom homes increased by 26.2%, 3 bedroom homes decreased by 33.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 28.2%.
Median Sold Price Compared To Nearby Neighborhoods
Mid-Cambridge | $1.0M | $1.1M | +13.0% |
Peabody | $928K | $989K | +6.6% |
Harvard Square | $1.5M | $1.1M | -25.9% |
Housing Supply in Harvard Square, MA
How many homes are available in Harvard Square, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 18 | +50.0% |
Summary: The Harvard Square real estate market had 18 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 1 | 4 | +300.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 0 | 2 | +100.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Harvard Square housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
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 Harvard Square in April 2024, up by 100.0% 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 Harvard Square, MA
How long does it take to sell a home in Harvard Square, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 16 Days | -57.0% |
Summary: Homes in Harvard Square had an average of 16 days on market in Apr 2024, down by 57% compared to last year.
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 April 2024, 2 homes were sold in Harvard Square; 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.