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 September 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

$510,000

$298/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$39,688(+8.4%)

Key Takeaway

Homes in Haverhill have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Haverhill was $510,000 in September 2024, up 8.4% from last year, and the median price per square foot was $298.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $231.7K$251.5K
+8.5%
2 $360K$400K
+11.1%
3 $491.3K$520K
+5.8%
4 $550K$610K
+10.9%
5+ $657.5K$684.5K
+4.1%

Summary: Haverhill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Cities

Merrimac
+14.1%
Groveland
+11.2%
West Newbury
+11.2%
Haverhill
+8.4%

Housing Supply in Haverhill, MA

How many homes are available in Haverhill, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
159168+5.7%

Summary: The Haverhill real estate market had 168 homes for sale in September 2024, a 5.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 54
-20.0%
2 3440
+17.6%
3 7270
-2.8%
4 2325
+8.7%
5+ 2529
+16.0%

Summary: The Haverhill housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 16%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
6041-31.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

29 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. 70.7% of homes here sold above asking price last month.

Summary: A total of 41 homes were sold or pending in Haverhill in September 2024, down by 31.7% month-over-month. Of the 41 sold homes, 12% were sold under asking, 17% were sold at asking, and 71% 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

Sep 2023Sep 2024CHANGE
17 Days25 Days+41.1%

Summary: Homes in Haverhill had an average of 25 days on market in Sep 2024, up by 41.1% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 September 2024, 41 homes were sold in Haverhill; 76% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 2% 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 9 Days Ago

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