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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pelham is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Pelham was a Neutral Market.

Key Takeaway

Pelham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pelham, MA

How much do homes in Pelham, MA cost?

Median Sold Price

$400,000

$246/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$15,000(-3.6%)

Key Takeaway

Homes in Pelham have sold for 3.6% less than they did a month ago.

Summary: The median home sold price in Pelham was $400,000 in March 2024, down 3.6% from last month, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $415K$400K
-3.6%
5+ --
N/A

Summary: Pelham housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes did not change.

Housing Supply in Pelham, MA

How many homes are available in Pelham, MA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
75-28.6%

Summary: The Pelham real estate market had 5 homes for sale in March 2024, a 28.6% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 21
-50.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Pelham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
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 Pelham, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Pelham in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pelham, MA

How long does it take to sell a home in Pelham, MA?

Average Sale Time

Feb 2024Mar 2024CHANGE
89 Days64 Days-28.1%

Summary: Homes in Pelham had an average of 64 days on market in Mar 2024, down by 28.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pelham has remained consistent over time.

Summary: During March 2024, 1 homes were sold in Pelham; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in Pelham, MA

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