Is Waban, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Waban has remained a Seller's Market.
Key Takeaway
Waban is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waban, MA
How much do homes in Waban, MA cost?
Median Sold Price
$2,050,000
$581/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Waban have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Waban was $2,050,000 in April 2024, up 9.3% from last year, and the median price per square foot was $581.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.0M | N/A |
| 2 Bedrooms | $619.5K | $1.2M | +94.1% |
| 3 Bedrooms | $1.4M | $1.5M | +5.2% |
| 4 Bedrooms | $1.7M | $1.8M | +6.0% |
| 5+ Bedrooms | $2.6M | $2.3M | -14.2% |
Summary: Waban housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 94.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 14.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Newton Upper Falls | $935K | $1.1M | +20.9% |
| Waban | $1.8M | $2.0M | +9.3% |
| Newton Highlands | $1.3M | $1.4M | +6.3% |
| Auburndale | $1.1M | $1.2M | +4.2% |
Housing Supply in Waban, MA
How many homes are available in Waban, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Summary: The Waban real estate market had 31 homes for sale in April 2024, a 24.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Waban housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 133.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waban, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Waban in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Waban, MA
How long does it take to sell a home in Waban, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 101 Days | 34 Days | -65.8% |
Summary: Homes in Waban had an average of 34 days on market in Apr 2024, down by 65.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Waban are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Waban; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
