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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Revere is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Revere has remained a Seller's Market.

Key Takeaway

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

How much do homes in Revere, MA cost?

Median Sold Price

$599,650

$345/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$54,900(+10.1%)

Key Takeaway

Homes in Revere have sold for 10.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $314.7K$320K
+1.7%
2 $405.5K$452.5K
+11.6%
3 $525K$580K
+10.5%
4 $640K$675K
+5.5%
5+ $760K$825K
+8.6%

Median Sold Price Compared To Nearby Cities

Saugus
+15.1%
Everett
+10.5%
Revere
+10.1%
Malden
+7.6%
Chelsea
+6.3%

How many homes are available in Revere, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
11992-22.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 98
-11.1%
2 2418
-25.0%
3 3427
-20.6%
4 2719
-29.6%
5+ 2520
-20.0%

Number of Homes Sold

Oct 2022Nov 2022%
4326-39.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Revere, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days35 Days+54.7%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Revere are selling fast, if you're buying plan to act quickly.

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

About Revere, MA

Revere, MA has 92 homes for sale to choose from. The number of homes for sale in Revere, MA decreased by 22.7% between October 2022 and November 2022. Listings spent 35 days on the market in November 2022, and had a median list price of $599,650 during the same period. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 1.7%, 2 bedrooms properties became 11.6% more expensive, prices of 3 bedrooms properties increased by 10.5%, 4 bedrooms properties became 5.5% more expensive, 5 bedrooms properties became 8.6% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 11.1% less available, 2 bedrooms homes inventory decreased by 25%, number of 3 bedrooms homes decreased by 20.6%, number of 4 bedrooms homes decreased by 29.6%, 5 bedrooms homes became 20% less available. In November 2022 more than 14 listings in Revere, MA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 10 were sold below.

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