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 May 2021

Since last year, Topsfield has remained a Seller's Market.

Key Takeaway

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

How much do homes in Topsfield, MA cost?

Median Sold Price

$800,000

$319/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$91,000(+12.8%)

Key Takeaway

Homes in Topsfield have sold for 12.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $444K$470K
+5.9%
2 $649.9K$781K
+20.2%
3 $628K$745K
+18.6%
4 $753.5K$820K
+8.8%
5+ $961K$1.2M
+27.1%

Median Sold Price Compared To Nearby Cities

Hamilton
+13.8%
South Hamilton
+13.8%
Topsfield
+12.8%
Wenham
+5.4%
Boxford
+4.1%

How many homes are available in Topsfield, MA?

Number of Homes For Sale

Apr 2022May 2022%
1920+5.3%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 21
-50.0%
3 87
-12.5%
4 77
0.0%
5+ 25
+150.0%

Number of Homes Sold

Apr 2022May 2022%
440.0%

Asking Price vs. Sold Price

0 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. 100% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
15 Days21 Days+34.0%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 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.

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

About Topsfield, MA

There are 20 homes are for sale in Topsfield, MA real estate market. The inventory of homes for sale in Topsfield, MA between April 2022 and May 2022 increased by 5.3%. In May 2022, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $800,000. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 5.9% more expensive, prices of 2 bedrooms properties increased by 20.2%, prices of 3 bedrooms properties increased by 18.6%, 4 bedrooms properties prices increased by 8.8%, 5 bedrooms properties prices increased by 27.1%. This housing market inventory have changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 50%, 3 bedrooms homes became 12.5% less available, 4 bedrooms homes did not move, number of 5 bedrooms homes increased by 150%. Topsfield, MA housing market in May 2022 saw over 4 listings sold above listed price, more than 0 sold at listed price and over 0 sold below.

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