Is Townsend, 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, 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.
Housing Prices in Townsend, MA
How much do homes in Townsend, MA cost?
Median Sold Price
$459,500
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Townsend have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Townsend was $459,500 in March 2024, down 1.6% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $140K | +15.7% |
| 2 Bedrooms | $295K | $357K | +21.0% |
| 3 Bedrooms | $450K | $444.6K | -1.2% |
| 4 Bedrooms | $525K | $546K | +4.0% |
| 5+ Bedrooms | $680K | $482K | -29.1% |
Summary: Townsend housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 21%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 29.1%.
Median Sold Price Compared To Nearby Cities
| Pepperell | $500K | $534.9K | +7.0% |
| Shirley | $470K | $474K | +0.9% |
| Townsend | $467K | $459.5K | -1.6% |
Housing Supply in Townsend, MA
How many homes are available in Townsend, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Townsend real estate market had 21 homes for sale in March 2024, a 4.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Townsend 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 decreased by 20%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Townsend, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Townsend in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Townsend, MA
How long does it take to sell a home in Townsend, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 75 Days | +552.2% |
Summary: Homes in Townsend had an average of 75 days on market in Mar 2024, up by 552.2% 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 Townsend are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Townsend; 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.
