Is Northampton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$414,600
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Northampton have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Northampton was $414,600 in November 2023, down 1.3% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $248.4K | $199.9K | -19.5% |
| 2 Bedrooms | $310K | $341K | +10.0% |
| 3 Bedrooms | $420K | $427K | +1.7% |
| 4 Bedrooms | $665.5K | $567K | -14.8% |
| 5+ Bedrooms | $585K | $803K | +37.3% |
Summary: Northampton housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 19.5%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 37.3%.
Median Sold Price Compared To Nearby Cities
| Leeds | $421K | $445K | +5.7% |
| Hadley | $536K | $562K | +4.9% |
| Florence | $405K | $399.9K | -1.2% |
| Northampton | $420K | $414.6K | -1.3% |
| Easthampton Town | $395K | $380K | -3.8% |
Housing Supply in Northampton, MA
How many homes are available in Northampton, MA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 67 | 62 | -7.5% |
Summary: The Northampton real estate market had 62 homes for sale in November 2023, a 7.5% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Northampton housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northampton, you could pay more than the asking price. 52% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Northampton in November 2023, up by 66.7% month-over-month. Of the 25 sold homes, 40% were sold under asking, 8% were sold at asking, and 52% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 37 Days | 22 Days | -41.3% |
Summary: Homes in Northampton had an average of 22 days on market in Nov 2023, down by 41.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northampton are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 25 homes were sold in Northampton; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
