Is Saugus, 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, Saugus has remained a Seller's Market.
Key Takeaway
Saugus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saugus, MA
How much do homes in Saugus, MA cost?
Median Sold Price
$600,000
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Saugus has remained the same since last year.
Summary: The median home sold price in Saugus was $600,000 in March 2024, down 0.3% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302K | $331.5K | +9.8% |
| 2 Bedrooms | $500K | $490K | -2.0% |
| 3 Bedrooms | $600K | $610K | +1.7% |
| 4 Bedrooms | $680K | $722.5K | +6.3% |
| 5+ Bedrooms | $845K | $925K | +9.5% |
Summary: Saugus housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in Saugus, MA
How many homes are available in Saugus, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Summary: The Saugus real estate market had 37 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Saugus housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saugus, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Saugus in March 2024, down by 8.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% were sold over asking.
Days on Market for Saugus, MA
How long does it take to sell a home in Saugus, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 18 Days | -34.1% |
Summary: Homes in Saugus had an average of 18 days on market in Mar 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saugus are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Saugus; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
