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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Otis is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Otis was a Seller's Market.

Key Takeaway

Otis is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Otis, MA cost?

Median Sold Price

$366,912

$205/sqft

Based on all homes sold in May 2022.

Difference Since Last Month

+$221,912(+153.0%)

Key Takeaway

Homes in Otis have sold for 153% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2022May 2022%
1 --
N/A
2 --
N/A
3 $145K-
N/A
4 -$366.9K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Otis
+153.0%
Tolland
+13.0%

How many homes are available in Otis, MA?

Number of Homes For Sale

Apr 2022May 2022%
56+20.0%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 12
+100.0%
3 22
0.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Apr 2022May 2022%
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Otis, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Apr 2022May 2022%
179 Days29 Days-83.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Otis, MA

Otis, MA has 6 homes for sale to choose from. In May 2022 in Otis, MA there were 20% more homes for sale than in April 2022. Listings spent 29 days on the market in May 2022, and had a median list price of $366,912 during the same period. From May 2021 through May 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties increased by 0%, the cost of 4 bedrooms properties went up by 0%, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went up by 100%, 3 bedrooms homes inventory did not change, 4 bedrooms homes did not move, volume of 5 bedrooms homes stayed the same. Otis, MA housing market in May 2022 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.

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