Is Turners Falls, 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, Turners Falls has remained a Seller's Market.
Key Takeaway
Turners Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Turners Falls, MA
How much do homes in Turners Falls, MA cost?
Median Sold Price
$300,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Turners Falls have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Turners Falls was $300,000 in March 2024, up 9.1% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $201K | $262K | +30.3% |
| 3 Bedrooms | $295.5K | $307K | +3.9% |
| 4 Bedrooms | $280K | $300K | +7.1% |
| 5+ Bedrooms | $250K | $305K | +22.0% |
Summary: Turners Falls 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 30.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
| Montague | $275K | $306.5K | +11.5% |
| Greenfield Town | $273.5K | $303K | +10.8% |
| Turners Falls | $275K | $300K | +9.1% |
Housing Supply in Turners Falls, MA
How many homes are available in Turners Falls, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The Turners Falls real estate market had 11 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Turners Falls housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Turners Falls, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Turners Falls in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Turners Falls, MA
How long does it take to sell a home in Turners Falls, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 17 Days | -68.5% |
Summary: Homes in Turners Falls had an average of 17 days on market in Mar 2024, down by 68.5% compared to last year.
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
Key Takeaway
Many homes in Turners Falls are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Turners Falls; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
