Is Methuen Town, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | $215.5K | $235K | +9.0% |
| 2 Bedrooms | $289.9K | $325K | +12.1% |
| 3 Bedrooms | $415K | $475K | +14.5% |
| 4 Bedrooms | $480K | $570K | +18.8% |
| 5+ Bedrooms | $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 2022 | May 2022 | % |
|---|---|---|
| 158 | 164 | +3.8% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0%  |
| 2 Bedrooms | 26 | 24 | -7.7% |
| 3 Bedrooms | 74 | 74 | 0.0% |
| 4 Bedrooms | 41 | 49 | +19.5% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 43 | 42 | -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
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 2021 | May 2022 | % |
|---|---|---|
| 19 Days | 20 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
Key Takeaway
Many homes in Methuen Town are selling fast, if you're buying plan to act quickly.
