Is Sixteen Acres, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sixteen Acres has remained a Seller's Market.
Key Takeaway
Sixteen Acres is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sixteen Acres, MA
How much do homes in Sixteen Acres, MA cost?
Median Sold Price
$295,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sixteen Acres have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Sixteen Acres was $295,000 in April 2024, up 8.7% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153.5K | $186.4K | +21.5% |
| 2 Bedrooms | $222K | $240K | +8.1% |
| 3 Bedrooms | $280K | $295K | +5.4% |
| 4 Bedrooms | $301.2K | $324K | +7.6% |
| 5+ Bedrooms | $425K | $385K | -9.4% |
Summary: Sixteen Acres housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.5%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Boston Road | $245K | $293K | +19.6% |
| Upper Hill | $251.2K | $295K | +17.4% |
| East Forest Park | $260K | $290K | +11.5% |
| Pine Point | $240K | $261K | +8.8% |
| Sixteen Acres | $271.5K | $295K | +8.7% |
Housing Supply in Sixteen Acres, MA
How many homes are available in Sixteen Acres, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 50 | +28.2% |
Summary: The Sixteen Acres real estate market had 50 homes for sale in April 2024, a 28.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 22 | 32 | +45.5% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Sixteen Acres housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 45.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 19 | +280.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sixteen Acres, you could pay more than the asking price. 73.7% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Sixteen Acres in April 2024, up by 280.0% month-over-month. Of the 19 sold homes, 16% were sold under asking, 11% were sold at asking, and 74% were sold over asking.
Days on Market for Sixteen Acres, MA
How long does it take to sell a home in Sixteen Acres, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 36 Days | -6.7% |
Summary: Homes in Sixteen Acres had an average of 36 days on market in Apr 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sixteen Acres are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Sixteen Acres; 79% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
