Is Jamaica Plain, 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, Jamaica Plain has remained a Seller's Market.
Key Takeaway
Jamaica Plain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jamaica Plain, MA
How much do homes in Jamaica Plain, MA cost?
Median Sold Price
$760,875
$629/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jamaica Plain have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Jamaica Plain was $760,875 in April 2024, down 1.2% from last year, and the median price per square foot was $629.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $426.5K | $422.5K | -0.9% |
| 2 Bedrooms | $640.1K | $655K | +2.3% |
| 3 Bedrooms | $939K | $912.5K | -2.8% |
| 4 Bedrooms | $1.2M | $1.4M | +15.4% |
| 5+ Bedrooms | $1.4M | $1.2M | -9.2% |
Summary: Jamaica Plain housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Egleston Square | $735K | $792K | +7.8% |
| Hyde Square | $722.5K | $750K | +3.8% |
| Jamaica Plain | $770K | $760.8K | -1.2% |
Housing Supply in Jamaica Plain, MA
How many homes are available in Jamaica Plain, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 81 | +28.6% |
Summary: The Jamaica Plain real estate market had 81 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 28 | 37 | +32.1% |
| 3 Bedrooms | 13 | 20 | +53.8% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Jamaica Plain housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 53.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jamaica Plain, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Jamaica Plain in April 2024, up by 7.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.
Days on Market for Jamaica Plain, MA
How long does it take to sell a home in Jamaica Plain, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 38 Days | +6.4% |
Summary: Homes in Jamaica Plain had an average of 38 days on market in Apr 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jamaica Plain are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Jamaica Plain; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
