Is Topsfield, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Topsfield is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Topsfield was a Buyer's Market.

Key Takeaway

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

Housing Prices in Topsfield, MA

How much do homes in Topsfield, MA cost?

Median Sold Price

$858,750

$341/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,750(+4.1%)

Key Takeaway

Homes in Topsfield have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Topsfield was $858,750 in October 2024, up 4.1% from last year, and the median price per square foot was $341.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $399K$425K
+6.5%
2 $570K$815K
+43.0%
3 $711K$805.1K
+13.2%
4 $925K$965K
+4.3%
5+ $915K$1.0M
+19.1%

Summary: Topsfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 43%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 19.1%.

Median Sold Price Compared To Nearby Cities

South Hamilton
+25.2%
Hamilton
+24.4%
Wenham
+17.2%
Topsfield
+4.1%
Boxford
+2.1%

Housing Supply in Topsfield, MA

How many homes are available in Topsfield, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2627+3.8%

Summary: The Topsfield real estate market had 27 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 53
-40.0%
3 76
-14.3%
4 1114
+27.3%
5+ 33
0.0%

Summary: The Topsfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Topsfield, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Topsfield in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.

Days on Market for Topsfield, MA

How long does it take to sell a home in Topsfield, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days31 Days+54.7%

Summary: Homes in Topsfield had an average of 31 days on market in Oct 2024, up by 54.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Topsfield; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 11 Days Ago

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