Is Topsfield, 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, 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.
Housing Prices in Topsfield, MA
How much do homes in Topsfield, MA cost?
Median Sold Price
$855,000
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Topsfield have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Topsfield was $855,000 in March 2024, up 9.6% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399K | - | N/A |
| 2 Bedrooms | $594.7K | $600K | +0.9% |
| 3 Bedrooms | $705K | $760K | +7.8% |
| 4 Bedrooms | $877.5K | $920K | +4.8% |
| 5+ Bedrooms | $1.3M | $975K | -27.8% |
Summary: Topsfield 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 increased by 0.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 27.8%.
Median Sold Price Compared To Nearby Cities
| Hamilton | $709.2K | $847K | +19.4% |
| South Hamilton | $707.5K | $833K | +17.7% |
| Topsfield | $780K | $855K | +9.6% |
| Boxford | $904.9K | $927K | +2.4% |
| Wenham | $1.2M | $975K | -18.8% |
Housing Supply in Topsfield, MA
How many homes are available in Topsfield, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 22 | +57.1% |
Summary: The Topsfield real estate market had 22 homes for sale in March 2024, a 57.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 0 | 2 | +100.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Topsfield 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 increased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Topsfield, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Topsfield in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 63 Days | +44.2% |
Summary: Homes in Topsfield had an average of 63 days on market in Mar 2024, up by 44.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Topsfield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Topsfield; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
