Is Middlesex County, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middlesex County is a seller's market

Buyer's
Market

Difference Since February 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

$759,964

$404/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$43,143(+6.0%)

Key Takeaway

Homes in Middlesex County have sold for 6% more than they did a year ago.

Summary: The median home sold price in Middlesex County was $759,964 in February 2024, up 6% from last year, and the median price per square foot was $404.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $369.9K$391.2K
+5.8%
2 $518.8K$560.6K
+8.1%
3 $672.4K$706K
+5.0%
4 $892.4K$954.7K
+7.0%
5+ $1.2M$1.3M
+5.5%

Summary: Middlesex County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Counties

Worcester County
+8.1%
Middlesex County
+6.0%
Norfolk County
+6.0%
Essex County
+4.7%
Suffolk County
+2.7%

Housing Supply in Middlesex County, MA

How many homes are available in Middlesex County, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2,3762,594+9.2%

Summary: The Middlesex County real estate market had 2,594 homes for sale in February 2024, a 9.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 107133
+24.3%
2 499551
+10.4%
3 746766
+2.7%
4 559602
+7.7%
5+ 465542
+16.6%

Summary: The Middlesex County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 16.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
663591-10.9%

Asking Price vs. Sold Price

225 Homes Were Sold
Under Asking

58 Homes Were Sold
At Asking

308 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middlesex County, you could pay more than the asking price. 52.1% of homes here sold above asking price last month.

Summary: A total of 591 homes were sold or pending in Middlesex County in February 2024, down by 10.9% month-over-month. Of the 591 sold homes, 38% were sold under asking, 10% were sold at asking, and 52% 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

Feb 2023Feb 2024CHANGE
42 Days35 Days-15.1%

Summary: Homes in Middlesex County had an average of 35 days on market in Feb 2024, down by 15.1% compared to last year.

Breakdown of Home Sale Times

378 Homes Were Sold
Under 30 Days

157 Homes Were Sold
In 30 - 90 Days

56 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Middlesex County are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 591 homes were sold in Middlesex County; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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