Is Southside, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Southside was a Buyer's Market.
Key Takeaway
Southside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southside, MA
How much do homes in Southside, MA cost?
Median Sold Price
$750,000
$444/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southside have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Southside was $750,000 in April 2024, up 3.4% from last year, and the median price per square foot was $444.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $394K | $380K | -3.6% |
| 2 Bedrooms | $505K | $563K | +11.5% |
| 3 Bedrooms | $782.5K | $762.5K | -2.6% |
| 4 Bedrooms | $950K | $1.1M | +21.6% |
| 5+ Bedrooms | $962.5K | $1.1M | +17.4% |
Summary: Southside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Bank Square | $650K | $682.5K | +5.0% |
| Southside | $725K | $750K | +3.4% |
Housing Supply in Southside, MA
How many homes are available in Southside, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Southside real estate market had 18 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Southside 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 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southside, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Southside in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Southside, MA
How long does it take to sell a home in Southside, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 14 Days | -56.3% |
Summary: Homes in Southside had an average of 14 days on market in Apr 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southside are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Southside; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
