Is Powderhouse, 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, Powderhouse has remained a Seller's Market.
Key Takeaway
Powderhouse is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Powderhouse, MA
How much do homes in Powderhouse, MA cost?
Median Sold Price
$1,270,000
$619/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Powderhouse have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Powderhouse was $1,270,000 in April 2024, up 13.9% from last year, and the median price per square foot was $619.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $572.5K | $573.7K | 0.2% |
| 2 Bedrooms | $757.5K | $783K | +3.4% |
| 3 Bedrooms | $1.2M | $1.2M | +3.7% |
| 4 Bedrooms | $1.2M | $1.5M | +24.4% |
| 5+ Bedrooms | $1.2M | $1.5M | +17.4% |
Summary: Powderhouse housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Hill | $757.5K | $1.1M | +50.5% |
| Powderhouse | $1.1M | $1.2M | +13.9% |
| Davis Square | $1.2M | $1.4M | +11.7% |
| Winter Hill / Magoun | $869K | $908.5K | +4.5% |
Housing Supply in Powderhouse, MA
How many homes are available in Powderhouse, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Summary: The Powderhouse real estate market had 25 homes for sale in April 2024, a 66.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The Powderhouse housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Powderhouse, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Powderhouse in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Powderhouse, MA
How long does it take to sell a home in Powderhouse, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 30 Days | +96.7% |
Summary: Homes in Powderhouse had an average of 30 days on market in Apr 2024, up by 96.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Powderhouse are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Powderhouse; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
