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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Haverhill is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Haverhill, MA

How much do homes in Haverhill, MA cost?

Median Sold Price

$484,809

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$19,283(+4.1%)

Key Takeaway

Homes in Haverhill have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Haverhill was $484,809 in February 2024, up 4.1% from last year, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $205K$231.5K
+12.9%
2 $345K$377.2K
+9.3%
3 $470K$500K
+6.4%
4 $550K$562.5K
+2.3%
5+ $610K$672.5K
+10.2%

Summary: Haverhill housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 10.2%.

Median Sold Price Compared To Nearby Cities

Groveland
+14.1%
Merrimac
+7.1%
Haverhill
+4.1%
West Newbury
-2.9%

Housing Supply in Haverhill, MA

How many homes are available in Haverhill, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
101100-1.0%

Summary: The Haverhill real estate market had 100 homes for sale in February 2024, a 1.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 64
-33.3%
2 2330
+30.4%
3 3834
-10.5%
4 1210
-16.7%
5+ 2222
0.0%

Summary: The Haverhill housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 30.4%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3426-23.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Haverhill, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Haverhill in February 2024, down by 23.5% month-over-month. Of the 26 sold homes, 23% were sold under asking, 8% were sold at asking, and 69% were sold over asking.

Days on Market for Haverhill, MA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
30 Days18 Days-39.3%

Summary: Homes in Haverhill had an average of 18 days on market in Feb 2024, down by 39.3% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Haverhill are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 26 homes were sold in Haverhill; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

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