Is Suffolk County, 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, 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.
Housing Prices in Suffolk County, MA
How much do homes in Suffolk County, MA cost?
Median Sold Price
$774,957
$602/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Suffolk County have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Suffolk County was $774,957 in March 2024, up 3.3% from last year, and the median price per square foot was $602.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $573.1K | $580K | +1.2% |
| 2 Bedrooms | $704.7K | $744.7K | +5.7% |
| 3 Bedrooms | $750K | $764.5K | +1.9% |
| 4 Bedrooms | $813K | $839.3K | +3.2% |
| 5+ Bedrooms | $993.1K | $1.0M | +0.7% |
Summary: Suffolk County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Counties
| Norfolk County | $650.4K | $695.6K | +7.0% |
| Middlesex County | $715.2K | $765.6K | +7.0% |
| Essex County | $599.6K | $625.4K | +4.3% |
| Suffolk County | $749.9K | $774.9K | +3.3% |
Housing Supply in Suffolk County, MA
How many homes are available in Suffolk County, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,569 | 1,834 | +16.9% |
Summary: The Suffolk County real estate market had 1,834 homes for sale in March 2024, a 16.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 270 | 334 | +23.7% |
| 2 Bedrooms | 536 | 663 | +23.7% |
| 3 Bedrooms | 355 | 409 | +15.2% |
| 4 Bedrooms | 157 | 173 | +10.2% |
| 5+ Bedrooms | 251 | 255 | +1.6% |
Summary: The Suffolk County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 1.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 230 | 338 | +47.0% |
Asking Price vs. Sold Price
155 Homes Were Sold
Under Asking
70 Homes Were Sold
At Asking
113 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suffolk County, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.
Summary: A total of 338 homes were sold or pending in Suffolk County in March 2024, up by 47.0% month-over-month. Of the 338 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% were sold over asking.
Days on Market for Suffolk County, MA
How long does it take to sell a home in Suffolk County, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 38 Days | -21.7% |
Summary: Homes in Suffolk County had an average of 38 days on market in Mar 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
217 Homes Were Sold
Under 30 Days
79 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Suffolk County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 338 homes were sold in Suffolk County; 64% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
