$10,000 Closing Credit*
$1,150,000
2,438 SqFt
3 Beds
•3 Full Baths, 1 Partial
#73287220, Alyx Akers, Listing Office: 5 College REALTORS® Northampton
Is Northampton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$42,500(+10.4%)
Key Takeaway
Homes in Northampton have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Northampton was $450,000 in August 2024, up 10.4% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $217K | +8.6% |
| 2 Bedrooms | $325K | $370K | +13.8% |
| 3 Bedrooms | $412K | $425K | +3.2% |
| 4 Bedrooms | $585K | $687K | +17.4% |
| 5+ Bedrooms | $801.5K | $684K | -14.7% |
Summary: Northampton housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 14.7%.
Median Sold Price Compared To Nearby Cities
| Florence | $382.5K | $445K | +16.3% |
| Northampton | $407.5K | $450K | +10.4% |
| Easthampton Town | $375K | $400K | +6.7% |
| Hadley | $576.3K | $541K | -6.1% |
Housing Supply in Northampton, MA
How many homes are available in Northampton, MA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 82 | 81 | -1.2% |
Summary: The Northampton real estate market had 81 homes for sale in August 2024, a 1.2% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 22 | 17 | -22.7% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Northampton housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northampton, you could pay more than the asking price. 65.4% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Northampton in August 2024, up by 23.8% month-over-month. Of the 26 sold homes, 27% were sold under asking, 8% were sold at asking, and 65% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 34 Days | 27 Days | -21.3% |
Summary: Homes in Northampton had an average of 27 days on market in Aug 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northampton are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 26 homes were sold in Northampton; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
