Is Inman Square, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Inman Square has remained a Seller's Market.
Housing Prices in Inman Square, MA
How much do homes in Inman Square, MA cost?
Median Sold Price
$840,000
$928/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Inman Square was $840,000 in April 2024, down 34.1% from last year, and the median price per square foot was $928.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $635K | $765K | +20.5% |
2 Bedrooms | $1.0M | $785K | -25.2% |
3 Bedrooms | $1.2M | $1.3M | +10.4% |
4 Bedrooms | $2.1M | $1.7M | -20.1% |
5+ Bedrooms | $1.8M | $2.0M | +11.0% |
Summary: Inman Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.5%, 2 bedroom homes decreased by 25.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 20.1%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Neighborhoods
Mid-Cambridge | $1.0M | $1.1M | +13.0% |
Cobble Hill / Ward 2 | $1.0M | $930K | -12.7% |
Union Square / Prospect | $1.1M | $890K | -21.6% |
Wellington-Harrington | $1.2M | $890K | -30.5% |
Inman Square | $1.2M | $840K | -34.1% |
Housing Supply in Inman Square, MA
How many homes are available in Inman Square, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Summary: The Inman Square real estate market had 11 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 0 | -100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Inman Square housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Inman Square in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Inman Square, MA
How long does it take to sell a home in Inman Square, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 9 Days | -1.7% |
Summary: Homes in Inman Square had an average of 9 days on market in Apr 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Inman Square; 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.