Is Methuen Town, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Methuen Town has remained a Seller's Market.
Housing Prices in Methuen Town, MA
How much do homes in Methuen Town, MA cost?
Median Sold Price
$540,555
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Methuen Town was $540,555 in March 2024, up 5.8% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $268K | +37.4% |
2 Bedrooms | $375K | $410K | +9.3% |
3 Bedrooms | $500K | $540K | +8.0% |
4 Bedrooms | $630K | $593K | -5.9% |
5+ Bedrooms | $675K | $700K | +3.7% |
Summary: Methuen Town housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.4%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
Salem | $500K | $582.3K | +16.5% |
Methuen | $510.2K | $540.5K | +5.9% |
Methuen Town | $510.9K | $540.5K | +5.8% |
North Andover | $678.3K | $710K | +4.7% |
Lawrence | $500K | $500K | 0.0% |
Housing Supply in Methuen Town, MA
How many homes are available in Methuen Town, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 74 | +13.8% |
Summary: The Methuen Town real estate market had 74 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 26 | 29 | +11.5% |
4 Bedrooms | 20 | 20 | 0.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Methuen Town housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 11.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 19 | -13.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Methuen Town in March 2024, down by 13.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for Methuen Town, MA
How long does it take to sell a home in Methuen Town, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 40 Days | +7.9% |
Summary: Homes in Methuen Town had an average of 40 days on market in Mar 2024, up by 7.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Methuen Town; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.