Is Indian Lake East, 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, Indian Lake East was a Seller's Market.
Key Takeaway
Indian Lake East is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Indian Lake East, MA
How much do homes in Indian Lake East, MA cost?
Median Sold Price
$381,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Indian Lake East have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Indian Lake East was $381,000 in April 2024, up 5.8% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $365K | N/A |
| 2 Bedrooms | $230K | $209.5K | -8.9% |
| 3 Bedrooms | $335K | $375K | +11.9% |
| 4 Bedrooms | $410K | $485K | +18.3% |
| 5+ Bedrooms | $575K | $520K | -9.6% |
Summary: Indian Lake East 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 decreased by 8.9%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes decreased by 9.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Bell Hill | $428K | $555K | +29.7% |
| Elm Park | $372K | $425K | +14.2% |
| Forest Grove | $442K | $488.5K | +10.5% |
| North Worcester | $395K | $420K | +6.3% |
| Indian Lake East | $360K | $381K | +5.8% |
Housing Supply in Indian Lake East, MA
How many homes are available in Indian Lake East, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Summary: The Indian Lake East real estate market had 6 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Indian Lake East 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Indian Lake East, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Indian Lake East in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Indian Lake East, MA
How long does it take to sell a home in Indian Lake East, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 17 Days | -10.5% |
Summary: Homes in Indian Lake East had an average of 17 days on market in Apr 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indian Lake East are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Indian Lake East; 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.
