Is Rowley, 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, Rowley has remained a Seller's Market.
Housing Prices in Rowley, MA
How much do homes in Rowley, MA cost?
Median Sold Price
$811,500
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rowley was $811,500 in March 2024, up 9.7% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $259.5K | -8.9% |
2 Bedrooms | $600K | $332.5K | -44.6% |
3 Bedrooms | $703K | $811.5K | +15.4% |
4 Bedrooms | $910K | $925K | +1.6% |
5+ Bedrooms | $885K | $900K | +1.7% |
Summary: Rowley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes decreased by 44.6%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Georgetown | $655K | $739.5K | +12.9% |
Rowley | $740K | $811.5K | +9.7% |
Ipswich | $694.9K | $762.5K | +9.7% |
Newbury | $846.5K | $829K | -2.1% |
Byfield | $786.2K | $755K | -4.0% |
Housing Supply in Rowley, MA
How many homes are available in Rowley, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The Rowley real estate market had 12 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Rowley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Rowley in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 45 Days | +94.9% |
Summary: Homes in Rowley had an average of 45 days on market in Mar 2024, up by 94.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Rowley; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.