Is Revere, 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, 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.
Housing Prices in Revere, MA
How much do homes in Revere, MA cost?
Median Sold Price
$600,000
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Revere have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Revere was $600,000 in March 2024, down 3.2% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $335K | +9.8% |
| 2 Bedrooms | $457K | $490K | +7.2% |
| 3 Bedrooms | $575K | $590K | +2.6% |
| 4 Bedrooms | $684.7K | $690K | +0.8% |
| 5+ Bedrooms | $822.5K | $835K | +1.5% |
Summary: Revere housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in Revere, MA
How many homes are available in Revere, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 | 78 | +11.4% |
Summary: The Revere real estate market had 78 homes for sale in March 2024, a 11.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 15 | 20 | +33.3% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Revere housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 27 | +145.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Revere, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Revere in March 2024, up by 145.5% month-over-month. Of the 27 sold homes, 26% were sold under asking, 15% were sold at asking, and 59% were sold over asking.
Days on Market for Revere, MA
How long does it take to sell a home in Revere, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 16 Days | -62.2% |
Summary: Homes in Revere had an average of 16 days on market in Mar 2024, down by 62.2% compared to last year.
Breakdown of Home Sale Times
25 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 Revere are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in Revere; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
