Is Three Rivers, 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, Three Rivers has remained a Seller's Market.
Key Takeaway
Three Rivers is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Three Rivers, MA
How much do homes in Three Rivers, MA cost?
Median Sold Price
$265,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Three Rivers have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Three Rivers was $265,000 in March 2024, down 6.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $260K | -3.7% |
| 3 Bedrooms | $284K | $265K | -6.7% |
| 4 Bedrooms | $280K | $286.9K | +2.5% |
| 5+ Bedrooms | $350K | $325K | -7.1% |
Summary: Three Rivers housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Palmer | $285K | $311K | +9.1% |
| Belchertown | $380K | $411K | +8.2% |
| Palmer Town | $280K | $299.9K | +7.1% |
| Ludlow | $295K | $310K | +5.1% |
| Three Rivers | $284K | $265K | -6.7% |
Housing Supply in Three Rivers, MA
How many homes are available in Three Rivers, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Three Rivers real estate market had 7 homes for sale in March 2024, a 22.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Three Rivers housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Three Rivers, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Three Rivers in March 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Three Rivers, MA
How long does it take to sell a home in Three Rivers, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 15 Days | -60.2% |
Summary: Homes in Three Rivers had an average of 15 days on market in Mar 2024, down by 60.2% compared to last year.
Breakdown of Home Sale Times
3 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 Three Rivers are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Three Rivers; 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.
