Is Stoneham, 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, Stoneham has remained a Seller's Market.
Key Takeaway
Stoneham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stoneham, MA
How much do homes in Stoneham, MA cost?
Median Sold Price
$714,250
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Stoneham have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Stoneham was $714,250 in March 2024, up 9.4% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312.5K | $360K | +15.2% |
| 2 Bedrooms | $400K | $401.4K | 0.4% |
| 3 Bedrooms | $701K | $730K | +4.1% |
| 4 Bedrooms | $763.7K | $841K | +10.1% |
| 5+ Bedrooms | $900K | $900K | 0.0% |
Summary: Stoneham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Woburn | $621.5K | $716.9K | +15.4% |
| Stoneham | $652.6K | $714.2K | +9.4% |
| Melrose | $772.5K | $834.1K | +8.0% |
| Wakefield | $675K | $715K | +5.9% |
| Winchester | $1.2M | $1.3M | +4.7% |
Housing Supply in Stoneham, MA
How many homes are available in Stoneham, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Summary: The Stoneham 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 | 2 | 4 | +100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 14 | 9 | -35.7% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Stoneham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 8 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stoneham, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Stoneham in March 2024, down by 50.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Stoneham, MA
How long does it take to sell a home in Stoneham, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 11 Days | -75.6% |
Summary: Homes in Stoneham had an average of 11 days on market in Mar 2024, down by 75.6% compared to last year.
Breakdown of Home Sale Times
8 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 Stoneham are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Stoneham; 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.
