Is Pepperell, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Pepperell was a Neutral Market.
Key Takeaway
Pepperell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pepperell, MA
How much do homes in Pepperell, MA cost?
Median Sold Price
$534,950
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pepperell have sold for 7% more than they did a year ago.
Summary: The median home sold price in Pepperell was $534,950 in March 2024, up 7% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $320K | +3.2% |
| 3 Bedrooms | $481.5K | $500K | +3.8% |
| 4 Bedrooms | $640K | $675K | +5.5% |
| 5+ Bedrooms | $542.5K | $572.5K | +5.5% |
Summary: Pepperell housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Pepperell | $500K | $534.9K | +7.0% |
| Groton | $745.5K | $735K | -1.4% |
| Townsend | $467K | $459.5K | -1.6% |
Housing Supply in Pepperell, MA
How many homes are available in Pepperell, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Pepperell real estate market had 30 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Pepperell 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 increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pepperell, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Pepperell in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Pepperell, MA
How long does it take to sell a home in Pepperell, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 39 Days | +32.3% |
Summary: Homes in Pepperell had an average of 39 days on market in Mar 2024, up by 32.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pepperell are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Pepperell; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
