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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Methuen Town is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Methuen Town, 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 Town 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$635K
+16.5%

Median Sold Price Compared To Nearby Cities

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

How many homes are available in Methuen Town, 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 Town, 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 Town 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 Town, MA

Methuen Town, MA has 164 homes for sale to choose from. In May 2022 in Methuen Town, MA there were 3.8% more homes for sale than in April 2022. While the average time on the market in May 2022 was 20 days, the median list price was $475,000. Real estate listing prices changed between April 2022 and May 2022: 1 bedroom properties prices increased by 9%, the cost of 2 bedrooms properties went up by 12.1%, prices of 3 bedrooms properties went up by 14.5%, 4 bedrooms properties prices increased by 18.8%, 5 bedrooms properties prices increased by 16.5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 40% less available, volume of 2 bedrooms homes went down by 7.7%, volume of 3 bedrooms homes stayed the same, volume of 4 bedrooms homes went up by 19.5%, the quantity of 5 bedrooms homes went up by 16.7%. Methuen Town, MA housing market in May 2022 saw over 37 listings sold above listed price, more than 2 sold at listed price and over 3 sold below.

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