Is Northampton, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northampton is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Northampton has remained a Seller's Market.

Key Takeaway

Northampton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northampton, MA

How much do homes in Northampton, MA cost?

Median Sold Price

$450,000

$325/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$45,000(+11.1%)

Key Takeaway

Homes in Northampton have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Northampton was $450,000 in September 2024, up 11.1% from last year, and the median price per square foot was $325.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $199.9K$208K
+4.1%
2 $324K$352K
+8.6%
3 $412K$450K
+9.2%
4 $578.7K$672.5K
+16.2%
5+ $806K$684K
-15.1%

Summary: Northampton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 15.1%.

Median Sold Price Compared To Nearby Cities

Florence
+16.4%
Northampton
+11.1%
Easthampton Town
+4.4%
Hadley
-4.9%

Housing Supply in Northampton, MA

How many homes are available in Northampton, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8791+4.6%

Summary: The Northampton real estate market had 91 homes for sale in September 2024, a 4.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 54
-20.0%
2 2024
+20.0%
3 3236
+12.5%
4 1717
0.0%
5+ 1310
-23.1%

Summary: The Northampton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2722-18.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northampton, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in Northampton in September 2024, down by 18.5% month-over-month. Of the 22 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.

Days on Market for Northampton, MA

How long does it take to sell a home in Northampton, MA?

Average Sale Time

Sep 2023Sep 2024CHANGE
23 Days33 Days+43.5%

Summary: Homes in Northampton had an average of 33 days on market in Sep 2024, up by 43.5% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 22 homes were sold in Northampton; 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 30 Days Ago

Newest Listings in Northampton, MA

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