Is Revere, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$606,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Revere have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Revere was $606,000 in June 2024, down 2.3% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $340K | +9.7% |
| 2 Bedrooms | $459K | $492K | +7.2% |
| 3 Bedrooms | $570K | $613.7K | +7.7% |
| 4 Bedrooms | $709.2K | $700K | -1.3% |
| 5+ Bedrooms | $805K | $842.5K | +4.7% |
Summary: Revere housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in Revere, MA
How many homes are available in Revere, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 107 | 98 | -8.4% |
Summary: The Revere real estate market had 98 homes for sale in June 2024, a 8.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 27 | 20 | -25.9% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The Revere housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 25.9%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 44 | 26 | -40.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 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. 61.5% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Revere in June 2024, down by 40.9% month-over-month. Of the 26 sold homes, 19% were sold under asking, 19% were sold at asking, and 62% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 24 Days | 20 Days | -17.3% |
Summary: Homes in Revere had an average of 20 days on market in Jun 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 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 June 2024, 26 homes were sold in Revere; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
