Is South Hadley, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, South Hadley has remained a Seller's Market.
Key Takeaway
South Hadley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Hadley, MA
How much do homes in South Hadley, MA cost?
Median Sold Price
$340,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in South Hadley have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in South Hadley was $340,000 in November 2023, up 5.1% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $175.2K | -23.8% |
| 2 Bedrooms | $267K | $300K | +12.4% |
| 3 Bedrooms | $354.3K | $356.7K | +0.7% |
| 4 Bedrooms | $329K | $380K | +15.5% |
| 5+ Bedrooms | $450K | $366K | -18.7% |
Summary: South Hadley housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 23.8%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 18.7%.
Housing Supply in South Hadley, MA
How many homes are available in South Hadley, MA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 60 | 48 | -20.0% |
Summary: The South Hadley real estate market had 48 homes for sale in November 2023, a 20.0% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 20 | 15 | -25.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 12 | 7 | -41.7% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The South Hadley housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Hadley, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in South Hadley in November 2023, down by 4.8% month-over-month. Of the 20 sold homes, 45% were sold under asking, 10% were sold at asking, and 45% were sold over asking.
Days on Market for South Hadley, MA
How long does it take to sell a home in South Hadley, MA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 29 Days | 18 Days | -37.5% |
Summary: Homes in South Hadley had an average of 18 days on market in Nov 2023, down by 37.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Hadley are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 20 homes were sold in South Hadley; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
