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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Townsend is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Townsend, MA cost?

Median Sold Price

$440,000

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$59,000(+15.5%)

Key Takeaway

Homes in Townsend have sold for 15.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $86.5K$100K
+15.6%
2 $249.9K$300K
+20.0%
3 $375K$442.5K
+18.0%
4 $502.5K$512.5K
+2.0%
5+ $523K$550K
+5.2%

Median Sold Price Compared To Nearby Cities

West Townsend
+16.0%
Townsend
+15.5%
Shirley
+13.6%
Pepperell
+10.9%

How many homes are available in Townsend, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
2116-23.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 10
-100.0%
2 33
0.0%
3 97
-22.2%
4 76
-14.3%
5+ 10
-100.0%

Number of Homes Sold

Oct 2022Nov 2022%
93-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Townsend, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
29 Days25 Days-13.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Townsend 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 Townsend, MA

Homes for sale in Townsend, MA have reached 16. The number of listings in Townsend, MA decreased by 23.8% between October 2022 and November 2022. In November 2022 median list price was $440,000 and the average listing age was 25 days. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 15.6%, the cost of 2 bedrooms properties went up by 20%, prices of 3 bedrooms properties went up by 18%, prices of 4 bedrooms properties went up by 2%, prices of 5 bedrooms properties went up by 5.2%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 100%, 2 bedrooms homes did not move, volume of 3 bedrooms homes went down by 22.2%, 4 bedrooms homes inventory decreased by 14.3%, 5 bedrooms homes became 100% less available. In November 2022 more than 2 listings in Townsend, MA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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