Is Mansfield, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mansfield is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Mansfield has remained a Seller's Market.

Key Takeaway

Mansfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mansfield, MA

How much do homes in Mansfield, MA cost?

Median Sold Price

$665,000

$329/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$38,000(+6.1%)

Key Takeaway

Homes in Mansfield have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Mansfield was $665,000 in October 2024, up 6.1% from last year, and the median price per square foot was $329.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $235K$250K
+6.4%
2 $420.5K$425K
+1.1%
3 $600K$617.5K
+2.9%
4 $755K$850K
+12.6%
5+ $825K$737K
-10.7%

Summary: Mansfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 10.7%.

Median Sold Price Compared To Nearby Cities

Easton
+10.1%
Foxborough
+7.5%
Foxboro
+7.5%
Mansfield
+6.1%
Norton
+2.5%

Housing Supply in Mansfield, MA

How many homes are available in Mansfield, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4140-2.4%

Summary: The Mansfield real estate market had 40 homes for sale in October 2024, a 2.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 714
+100.0%
4 1813
-27.8%
5+ 65
-16.7%

Summary: The Mansfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mansfield, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Mansfield in October 2024, down by 25.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.

Days on Market for Mansfield, MA

How long does it take to sell a home in Mansfield, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days31 Days+108.3%

Summary: Homes in Mansfield had an average of 31 days on market in Oct 2024, up by 108.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mansfield are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in Mansfield; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

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