Is The Neck, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, The Neck has remained a Buyer's Market.
Key Takeaway
The Neck is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Neck, MA
How much do homes in The Neck, MA cost?
Median Sold Price
$932,000
$775/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in The Neck have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in The Neck was $932,000 in April 2024, up 6.5% from last year, and the median price per square foot was $775.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $530K | $547K | +3.2% |
| 2 Bedrooms | $755K | $755K | 0.0% |
| 3 Bedrooms | $1.1M | $1.3M | +13.3% |
| 4 Bedrooms | $1.7M | $1.4M | -17.6% |
| 5+ Bedrooms | $1.4M | $1.4M | -0.2% |
Summary: The Neck housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Bunker Hill | $1.0M | $1.1M | +11.7% |
| The Neck | $875K | $932K | +6.5% |
| Charlestown | $907.5K | $925K | +1.9% |
Housing Supply in The Neck, MA
How many homes are available in The Neck, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The The Neck real estate market had 15 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 | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The The Neck 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 decreased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Neck, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in The Neck in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for The Neck, MA
How long does it take to sell a home in The Neck, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 17 Days | -68.2% |
Summary: Homes in The Neck had an average of 17 days on market in Apr 2024, down by 68.2% compared to last year.
Breakdown of Home Sale Times
2 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 The Neck are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in The Neck; 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.
