Is Three Rivers, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Three Rivers is a seller's market

Buyer's
Market

Difference Since July 2021

At the same time last year, Three Rivers was a Neutral Market.

Key Takeaway

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

How much do homes in Three Rivers, MA cost?

Median Sold Price

$252,500

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$37,500(+17.4%)

Key Takeaway

Homes in Three Rivers have sold for 17.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 $140.5K$212.5K
+51.2%
3 $213K$260.5K
+22.3%
4 $215K$290K
+34.9%
5+ $275K$258K
-6.2%

Median Sold Price Compared To Nearby Cities

Three Rivers
+17.4%
Palmer
+12.0%
Palmer Town
+8.5%
Ludlow
+7.5%
Wilbraham
+5.6%

How many homes are available in Three Rivers, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
1310-23.1%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 10
-100.0%
3 64
-33.3%
4 23
+50.0%
5+ 43
-25.0%

Number of Homes Sold

Jun 2022Jul 2022%
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Three Rivers, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
13 Days21 Days+64.6%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Three Rivers 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 Three Rivers, MA

Three Rivers, MA has 10 homes on the market. The number of homes for sale in Three Rivers, MA decreased by 23.1% between June 2022 and July 2022. In July 2022, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $252,500. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 51.2%, prices of 3 bedrooms properties increased by 22.3%, prices of 4 bedrooms properties went up by 34.9%, the cost of 5 bedrooms properties went down by 6.2%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 100%, 3 bedrooms homes inventory decreased by 33.3%, 4 bedrooms homes became 50% more available, 5 bedrooms homes inventory decreased by 25%. In July 2022, from all listings sold in Three Rivers, MA there were more than 3 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.

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