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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rowley is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rowley was a Seller's Market.

Key Takeaway

Rowley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rowley, MA

How much do homes in Rowley, MA cost?

Median Sold Price

$685,000

$339/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$111,500(-14.0%)

Key Takeaway

Homes in Rowley have sold for 14% less than they did a year ago.

Summary: The median home sold price in Rowley was $685,000 in November 2024, down 14% from last year, and the median price per square foot was $339.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $249K$270K
+8.5%
2 $325K$375K
+15.4%
3 $745K$675K
-9.4%
4 $950K$897K
-5.6%
5+ $877K$890K
+1.5%

Summary: Rowley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Cities

Newbury
+14.0%
Ipswich
+3.7%
Georgetown
+2.6%
Rowley
-14.0%

Housing Supply in Rowley, MA

How many homes are available in Rowley, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1714-17.6%

Summary: The Rowley real estate market had 14 homes for sale in November 2024, a 17.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 63
-50.0%
4 45
+25.0%
5+ 33
0.0%

Summary: The Rowley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rowley, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Rowley in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Rowley, MA

How long does it take to sell a home in Rowley, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days35 Days+13.2%

Summary: Homes in Rowley had an average of 35 days on market in Nov 2024, up by 13.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rowley has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Rowley; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in Rowley, MA

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