Is Middlesex County, 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, Middlesex County has remained a Seller's Market.
Key Takeaway
Middlesex County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middlesex County, MA
How much do homes in Middlesex County, MA cost?
Median Sold Price
$765,637
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Middlesex County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Middlesex County was $765,637 in March 2024, up 7% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $366.7K | $408K | +11.2% |
| 2 Bedrooms | $517.3K | $567.5K | +9.7% |
| 3 Bedrooms | $674.5K | $711.1K | +5.4% |
| 4 Bedrooms | $894.2K | $960.6K | +7.4% |
| 5+ Bedrooms | $1.2M | $1.3M | +9.6% |
Summary: Middlesex County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Counties
| Worcester County | $418.1K | $449.9K | +7.6% |
| Middlesex County | $715.2K | $765.6K | +7.0% |
| Norfolk County | $650.4K | $695.6K | +7.0% |
| Essex County | $599.6K | $625.4K | +4.3% |
| Suffolk County | $749.9K | $774.9K | +3.3% |
Housing Supply in Middlesex County, MA
How many homes are available in Middlesex County, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2,709 | 3,060 | +13.0% |
Summary: The Middlesex County real estate market had 3,060 homes for sale in March 2024, a 13.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 141 | 161 | +14.2% |
| 2 Bedrooms | 584 | 615 | +5.3% |
| 3 Bedrooms | 799 | 903 | +13.0% |
| 4 Bedrooms | 647 | 759 | +17.3% |
| 5+ Bedrooms | 538 | 622 | +15.6% |
Summary: The Middlesex County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 648 | 783 | +20.8% |
Asking Price vs. Sold Price
252 Homes Were Sold
Under Asking
79 Homes Were Sold
At Asking
452 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middlesex County, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.
Summary: A total of 783 homes were sold or pending in Middlesex County in March 2024, up by 20.8% month-over-month. Of the 783 sold homes, 32% were sold under asking, 10% were sold at asking, and 58% were sold over asking.
Days on Market for Middlesex County, MA
How long does it take to sell a home in Middlesex County, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 32 Days | -22.3% |
Summary: Homes in Middlesex County had an average of 32 days on market in Mar 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
565 Homes Were Sold
Under 30 Days
137 Homes Were Sold
In 30 - 90 Days
81 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middlesex County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 783 homes were sold in Middlesex County; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.