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

Housing Market Conditions



Gauge showing Revere is a seller's market


Difference Since May 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



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Revere have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in Revere was $600,000 in May 2024, down 3.9% from last year, and the median price per square foot was $370.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $310K$337.5K
2 $455K$490K
3 $571.1K$600K
4 $700K$695K
5+ $816K$832.5K

Summary: Revere housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Revere, MA

How many homes are available in Revere, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Revere real estate market had 105 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 66
2 2726
3 2930
4 2220
5+ 2123

Summary: The Revere housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 9.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

23 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. 65.7% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in Revere in May 2024, up by 16.7% month-over-month. Of the 35 sold homes, 31% were sold under asking, 3% were sold at asking, and 66% 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

May 2023May 2024CHANGE
21 Days29 Days+39.9%

Summary: Homes in Revere had an average of 29 days on market in May 2024, up by 39.9% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

7 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.

Summary: During May 2024, 35 homes were sold in Revere; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

Newest Listings in Revere, MA

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What housing markets are near Revere, MA?