$7,124 Closing Credit*
$599,900
1,638 SqFt
4 Beds
•1 Full Bath, 1 Partial
#73304908, Darlene Couture, Listing Office: Berkshire Hathaway HomeServices Verani Realty Salem
Is Methuen, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Methuen, MA
How much do homes in Methuen, MA cost?
Median Sold Price
$560,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$37,500(+7.2%)
Key Takeaway
Homes in Methuen have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Methuen was $560,000 in September 2024, up 7.2% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $256.2K | $249K | -2.8% |
| 2 Bedrooms | $400K | $397K | -0.8% |
| 3 Bedrooms | $515K | $570K | +10.7% |
| 4 Bedrooms | $600K | $635K | +5.8% |
| 5+ Bedrooms | $682.5K | $721.2K | +5.7% |
Summary: Methuen housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Lawrence | $483.5K | $540K | +11.7% |
| Methuen | $522.5K | $560K | +7.2% |
| Methuen Town | $522.5K | $560K | +7.2% |
| North Andover | $679.1K | $706.2K | +4.0% |
Housing Supply in Methuen, MA
How many homes are available in Methuen, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 133 | 132 | -0.8% |
Summary: The Methuen real estate market had 132 homes for sale in September 2024, a 0.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 18 | 27 | +50.0% |
| 3 Bedrooms | 66 | 55 | -16.7% |
| 4 Bedrooms | 31 | 34 | +9.7% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Methuen housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 42 | 43 | +2.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Methuen, you could pay more than the asking price. 72.1% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Methuen in September 2024, up by 2.4% month-over-month. Of the 43 sold homes, 19% were sold under asking, 9% were sold at asking, and 72% were sold over asking.
Days on Market for Methuen, MA
How long does it take to sell a home in Methuen, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 19 Days | 25 Days | +28.4% |
Summary: Homes in Methuen had an average of 25 days on market in Sep 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Methuen are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 43 homes were sold in Methuen; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
