Is Indian Orchard, 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 Orchard was a Buyer's Market.
Key Takeaway
Indian Orchard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indian Orchard, MA
How much do homes in Indian Orchard, MA cost?
Median Sold Price
$290,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Indian Orchard have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Indian Orchard was $290,000 in April 2024, up 11.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182K | - | N/A |
| 2 Bedrooms | $198.7K | $233K | +17.2% |
| 3 Bedrooms | $250.5K | $262.5K | +4.8% |
| 4 Bedrooms | $287.5K | $320K | +11.3% |
| 5+ Bedrooms | $308K | $337K | +9.4% |
Summary: Indian Orchard 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 increased by 17.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Boston Road | $245K | $293K | +19.6% |
| Indian Orchard | $260K | $290K | +11.5% |
| Pine Point | $240K | $261K | +8.8% |
| East Springfield | $255K | $265K | +3.9% |
Housing Supply in Indian Orchard, MA
How many homes are available in Indian Orchard, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Summary: The Indian Orchard real estate market had 28 homes for sale in April 2024, a 9.7% decrease 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Indian Orchard 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian Orchard, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Indian Orchard in April 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Indian Orchard, MA
How long does it take to sell a home in Indian Orchard, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 21 Days | -32.9% |
Summary: Homes in Indian Orchard had an average of 21 days on market in Apr 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indian Orchard are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Indian Orchard; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
