Is Mansfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$635,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mansfield have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Mansfield was $635,000 in March 2024, up 6.5% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $241.2K | +21.2% |
| 2 Bedrooms | $330K | $401K | +21.5% |
| 3 Bedrooms | $583.2K | $610K | +4.6% |
| 4 Bedrooms | $765K | $755K | -1.3% |
| 5+ Bedrooms | $825K | $737K | -10.7% |
Summary: Mansfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.2%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Norton | $468.8K | $530K | +13.1% |
| Foxborough | $600K | $658.9K | +9.8% |
| Foxboro | $600K | $658.9K | +9.8% |
| Easton | $554.6K | $602.5K | +8.6% |
| Mansfield | $596.2K | $635K | +6.5% |
Housing Supply in Mansfield, MA
How many homes are available in Mansfield, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Mansfield real estate market had 20 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mansfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mansfield, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Mansfield in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +8.6% |
Summary: Homes in Mansfield had an average of 29 days on market in Mar 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
5 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 Mansfield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Mansfield; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
