Is Randolph, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Randolph has remained a Seller's Market.
Key Takeaway
Randolph is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Randolph, MA
How much do homes in Randolph, MA cost?
Median Sold Price
$517,750
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Randolph have sold for 2% more than they did a year ago.
Summary: The median home sold price in Randolph was $517,750 in March 2024, up 2% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221K | $227.5K | +2.9% |
| 2 Bedrooms | $375K | $354.2K | -5.5% |
| 3 Bedrooms | $500K | $510K | +2.0% |
| 4 Bedrooms | $576.5K | $640K | +11.0% |
| 5+ Bedrooms | $675K | $755K | +11.9% |
Summary: Randolph housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Holbrook | $475K | $505K | +6.3% |
| Braintree | $615K | $648.7K | +5.5% |
| Braintree Town | $615K | $648.7K | +5.5% |
| Quincy | $615K | $644.4K | +4.8% |
| Randolph | $507.5K | $517.7K | +2.0% |
Housing Supply in Randolph, MA
How many homes are available in Randolph, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 46 | -14.8% |
Summary: The Randolph real estate market had 46 homes for sale in March 2024, a 14.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 23 | 16 | -30.4% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Randolph 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 decreased by 27.3%, 3 bedroom homes decreased by 30.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Randolph, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Randolph in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% were sold over asking.
Days on Market for Randolph, MA
How long does it take to sell a home in Randolph, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 18 Days | -69.4% |
Summary: Homes in Randolph had an average of 18 days on market in Mar 2024, down by 69.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Randolph are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in Randolph; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
