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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Methuen is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Methuen, MA cost?

Median Sold Price

$475,000

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$60,000(+14.5%)

Key Takeaway

Homes in Methuen have sold for 14.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $215.5K$235K
+9.0%
2 $289.9K$325K
+12.1%
3 $415K$475K
+14.5%
4 $480K$570K
+18.8%
5+ $545K$632.5K
+16.1%

Median Sold Price Compared To Nearby Cities

Lawrence
+15.0%
Methuen
+14.5%
Methuen Town
+14.5%
North Andover
+6.0%
Salem
+2.1%

How many homes are available in Methuen, MA?

Number of Homes For Sale

Apr 2022May 2022%
158164+3.8%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 53
-40.0%
2 2624
-7.7%
3 7474
0.0%
4 4149
+19.5%
5+ 1214
+16.7%

Number of Homes Sold

Apr 2022May 2022%
4342-2.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Methuen, you could pay more than the asking price. 88.1% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
19 Days20 Days+3.4%

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Methuen, MA

Methuen, MA has 164 homes for sale to choose from. Between April 2022 and May 2022, Methuen, MA real estate market has seen increase in the number of listings by 3.8%. In May 2022, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $475,000. Real estate listing prices changed between April 2022 and May 2022: prices of 1 bedroom properties went up by 9%, 2 bedrooms properties prices increased by 12.1%, prices of 3 bedrooms properties increased by 14.5%, prices of 4 bedrooms properties went up by 18.8%, prices of 5 bedrooms properties went up by 16.1%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 40%, volume of 2 bedrooms homes went down by 7.7%, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes became 19.5% more available, the quantity of 5 bedrooms homes went up by 16.7%. In May 2022, from all listings sold in Methuen, MA there were more than 37 sold above asking price, over 3 sold below and more than 2 were sold right at the asked price.

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