Is South Hadley, 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, 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
$350,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Hadley was $350,000 in March 2024, up 7.7% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $177.5K | -22.8% |
2 Bedrooms | $266K | $310K | +16.5% |
3 Bedrooms | $353.7K | $370K | +4.6% |
4 Bedrooms | $335K | $410K | +22.4% |
5+ Bedrooms | $420K | $384.2K | -8.5% |
Summary: South Hadley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.8%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes decreased by 8.5%.
Housing Supply in South Hadley, MA
How many homes are available in South Hadley, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 33 | -10.8% |
Summary: The South Hadley real estate market had 33 homes for sale in March 2024, a 10.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The South Hadley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in South Hadley in March 2024, down by 16.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 27 Days | -39.6% |
Summary: Homes in South Hadley had an average of 27 days on market in Mar 2024, down by 39.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in South Hadley; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.