Is Northampton, 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, 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
$427,500
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northampton have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Northampton was $427,500 in March 2024, up 1.8% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $199.9K | -26.0% |
| 2 Bedrooms | $315.5K | $350K | +10.9% |
| 3 Bedrooms | $420K | $422.5K | +0.6% |
| 4 Bedrooms | $675K | $565K | -16.3% |
| 5+ Bedrooms | $616.5K | $721K | +16.9% |
Summary: Northampton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Florence | $380K | $415.9K | +9.4% |
| Northampton | $420K | $427.5K | +1.8% |
| Easthampton Town | $385K | $389.5K | +1.2% |
| Hadley | $544.5K | $550K | +1.0% |
Housing Supply in Northampton, MA
How many homes are available in Northampton, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 47 | +2.2% |
Summary: The Northampton real estate market had 47 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Northampton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northampton, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Northampton in March 2024, up by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 45 Days | +61.3% |
Summary: Homes in Northampton had an average of 45 days on market in Mar 2024, up by 61.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northampton has remained consistent over time.
Summary: During March 2024, 12 homes were sold in Northampton; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
