Is Haverhill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$485,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Haverhill have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Haverhill was $485,000 in March 2024, up 3.1% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207K | $232K | +12.1% |
| 2 Bedrooms | $345K | $380K | +10.1% |
| 3 Bedrooms | $475K | $500K | +5.3% |
| 4 Bedrooms | $550K | $579.9K | +5.4% |
| 5+ Bedrooms | $610K | $675K | +10.7% |
Summary: Haverhill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Groveland | $532.5K | $599.5K | +12.6% |
| Merrimac | $547.5K | $615K | +12.3% |
| Haverhill | $470.2K | $485K | +3.1% |
| West Newbury | $793.5K | $770K | -3.0% |
Housing Supply in Haverhill, MA
How many homes are available in Haverhill, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 110 | 106 | -3.6% |
Summary: The Haverhill real estate market had 106 homes for sale in March 2024, a 3.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 34 | 35 | +2.9% |
| 3 Bedrooms | 36 | 35 | -2.8% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The Haverhill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 36 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Haverhill, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Haverhill in March 2024, up by 33.3% month-over-month. Of the 36 sold homes, 14% were sold under asking, 8% were sold at asking, and 78% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 19 Days | -40.7% |
Summary: Homes in Haverhill had an average of 19 days on market in Mar 2024, down by 40.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Haverhill are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 36 homes were sold in Haverhill; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
