Is Suffolk County, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Suffolk County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Suffolk County has remained a Seller's Market.

Key Takeaway

Suffolk County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Suffolk County, MA cost?

Median Sold Price

$746,878

$586/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$47,712(+6.8%)

Key Takeaway

Homes in Suffolk County have sold for 6.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $551.8K$573.6K
+4.0%
2 $661.4K$697.1K
+5.4%
3 $699.3K$750K
+7.2%
4 $791.7K$810.4K
+2.4%
5+ $940.5K$993.1K
+5.6%

Median Sold Price Compared To Nearby Counties

Middlesex County
+9.3%
Essex County
+8.4%
Norfolk County
+8.3%
Suffolk County
+6.8%

How many homes are available in Suffolk County, MA?

Number of Homes For Sale

Sep 2022Oct 2022%
2,1852,1890.2%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 364357
-1.9%
2 776779
0.4%
3 460487
+5.9%
4 229218
-4.8%
5+ 356348
-2.2%

Number of Homes Sold

Sep 2022Oct 2022%
467385-17.6%

Asking Price vs. Sold Price

220 Homes Were Sold
Under Asking

49 Homes Were Sold
At Asking

116 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Suffolk County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
41 Days42 Days+3.9%

Breakdown of Home Sale Times

220 Homes Were Sold
Under 30 Days

120 Homes Were Sold
In 30 - 90 Days

45 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Suffolk County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Suffolk County, MA

Number of homes for sale in Suffolk County, MA real estate market have reached 2,189. Between September 2022 and October 2022, Suffolk County, MA real estate market has seen increase in the number of listings by 0.2%. The median list price of listings available in October 2022 was $746,878, while the average time on the real estate market was 42 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 4%, prices of 2 bedrooms properties increased by 5.4%, 3 bedrooms properties became 7.2% more expensive, 4 bedrooms properties became 2.4% more expensive, prices of 5 bedrooms properties went up by 5.6%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 1.9%, 2 bedrooms homes became 0.4% more available, number of 3 bedrooms homes increased by 5.9%, number of 4 bedrooms homes decreased by 4.8%, number of 5 bedrooms homes decreased by 2.2%. In October 2022, from all listings sold in Suffolk County, MA there were more than 116 sold above asking price, over 220 sold below and more than 49 were sold right at the asked price.

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