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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Topsfield is a neutral's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Topsfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Topsfield, MA

How much do homes in Topsfield, MA cost?

Median Sold Price

$850,250

$344/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$95,250(+12.6%)

Key Takeaway

Homes in Topsfield have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in Topsfield was $850,250 in February 2024, up 12.6% from last year, and the median price per square foot was $344.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $399K-
N/A
2 $632.2K$531K
-16.0%
3 $692.5K$760K
+9.7%
4 $865.5K$930.1K
+7.5%
5+ $1.3M$880K
-36.0%

Summary: Topsfield housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 36%.

Median Sold Price Compared To Nearby Cities

Topsfield
+12.6%
Hamilton
+5.4%
South Hamilton
+5.4%
Boxford
+1.0%
Wenham
-20.4%

Housing Supply in Topsfield, MA

How many homes are available in Topsfield, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1112+9.1%

Summary: The Topsfield real estate market had 12 homes for sale in February 2024, a 9.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 26
+200.0%
3 20
-100.0%
4 55
0.0%
5+ 21
-50.0%

Summary: The Topsfield housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Topsfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Topsfield in February 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Feb 2023Feb 2024CHANGE
32 Days123 Days+284.4%

Summary: Homes in Topsfield had an average of 123 days on market in Feb 2024, up by 284.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Topsfield are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 2 homes were sold in Topsfield; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 2 Days Ago

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