Is Mission Hill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mission Hill was a Seller's Market.
Key Takeaway
Mission Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mission Hill, MA
How much do homes in Mission Hill, MA cost?
Median Sold Price
$905,000
$716/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Mission Hill have sold for 27.4% less than they did a month ago.
Summary: The median home sold price in Mission Hill was $905,000 in April 2024, down 27.4% from last month, and the median price per square foot was $716.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $592.5K | $633K | +6.8% |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $570K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $2.3M | $1.8M | -22.3% |
Summary: Mission Hill housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 22.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Brigham Circle | $592.5K | $633K | +6.8% |
| Mission Hill | $1.2M | $905K | -27.4% |
Housing Supply in Mission Hill, MA
How many homes are available in Mission Hill, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Mission Hill real estate market had 19 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 6 | +200.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Mission Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mission Hill, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mission Hill in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Mission Hill, MA
How long does it take to sell a home in Mission Hill, MA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 85 Days | 29 Days | -65.9% |
Summary: Homes in Mission Hill had an average of 29 days on market in Apr 2024, down by 65.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mission Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Mission Hill; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
