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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Russell is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Russell has remained a Seller's Market.

Key Takeaway

Russell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Russell, MA cost?

Median Sold Price

$330,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$41,000(+14.2%)

Key Takeaway

Homes in Russell have sold for 14.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$185K
N/A
2 $154.6K$73K
-52.8%
3 $289.5K$330K
+14.0%
4 $259.5K$363.5K
+40.1%
5+ $296K$456K
+54.1%

Median Sold Price Compared To Nearby Cities

Russell
+14.2%
Westfield
+10.7%

How many homes are available in Russell, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
118-27.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 42
-50.0%
4 32
-33.3%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Russell, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
32 Days19 Days-40.0%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Russell are selling fast, if you're buying plan to act quickly.

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

About Russell, MA

There are 8 homes are for sale in Russell, MA real estate market. In November 2022 in Russell, MA there were 27.3% less homes for sale than in October 2022. In November 2022, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $330,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 52.8%, prices of 3 bedrooms properties went up by 14%, the cost of 4 bedrooms properties went up by 40.1%, 5 bedrooms properties became 54.1% more expensive. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes decreased by 50%, number of 4 bedrooms homes decreased by 33.3%, 5 bedrooms homes inventory did not change. While more than 1 listings in Russell, MA in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.

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