Is Mattapan, 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, Mattapan has remained a Seller's Market.
Key Takeaway
Mattapan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mattapan, MA
How much do homes in Mattapan, MA cost?
Median Sold Price
$635,000
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mattapan have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Mattapan was $635,000 in April 2024, down 2.3% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345.5K | $525K | +52.0% |
| 2 Bedrooms | $425K | $554.9K | +30.6% |
| 3 Bedrooms | $540K | $545K | +0.9% |
| 4 Bedrooms | $627.5K | $670K | +6.8% |
| 5+ Bedrooms | $800K | $820K | +2.5% |
Summary: Mattapan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52%, 2 bedroom homes increased by 30.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Mattapan | $650K | $635K | -2.3% |
| West Lower Mills | $684.5K | $630K | -8.0% |
Housing Supply in Mattapan, MA
How many homes are available in Mattapan, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 29 | -17.1% |
Summary: The Mattapan real estate market had 29 homes for sale in April 2024, a 17.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 9 | -35.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Mattapan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 35.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 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 Mattapan, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Mattapan in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Mattapan, MA
How long does it take to sell a home in Mattapan, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 82 Days | 99 Days | +20.8% |
Summary: Homes in Mattapan had an average of 99 days on market in Apr 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mattapan are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 9 homes were sold in Mattapan; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
