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.
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
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
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
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.