Is Porter Square, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Porter Square has remained a Buyer's Market.
Key Takeaway
Porter Square is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Porter Square, MA
How much do homes in Porter Square, MA cost?
Median Sold Price
$882,000
$942/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Porter Square have sold for 35.9% less than they did a year ago.
Summary: The median home sold price in Porter Square was $882,000 in April 2024, down 35.9% from last year, and the median price per square foot was $942.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $492K | $875K | +77.8% |
| 2 Bedrooms | $1.3M | $770K | -44.0% |
| 3 Bedrooms | $1.4M | $1.7M | +23.7% |
| 4 Bedrooms | $1.7M | $1.6M | -8.3% |
| 5+ Bedrooms | $1.3M | $2.4M | +85.3% |
Summary: Porter Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.8%, 2 bedroom homes decreased by 44%, 3 bedroom homes increased by 23.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 85.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Hill | $1.0M | $1.2M | +21.8% |
| Davis Square | $1.2M | $1.4M | +11.7% |
| Peabody | $928K | $989K | +6.6% |
| Cobble Hill / Ward 2 | $1.0M | $930K | -12.7% |
| Porter Square | $1.3M | $882K | -35.9% |
Housing Supply in Porter Square, MA
How many homes are available in Porter Square, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Porter Square real estate market had 9 homes for sale in April 2024, a 18.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Porter Square housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
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 Porter Square, 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 Porter Square in April 2024, down by 75.0% month-over-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 Porter Square, MA
How long does it take to sell a home in Porter Square, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 24 Days | +41.2% |
Summary: Homes in Porter Square had an average of 24 days on market in Apr 2024, up by 41.2% compared to last year.
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 Porter Square are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Porter Square; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
