Is Otis, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $145K | - | N/A |
| 4 Bedrooms | - | $366.9K | N/A |
| 5+ Bedrooms | - | - | 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 2022 | May 2022 | % |
|---|---|---|
| 5 | 6 | +20.0% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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 2022 | May 2022 | % |
|---|---|---|
| 179 Days | 29 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
Key Takeaway
Many homes in Otis are selling fast, if you're buying plan to act quickly.
