Is Wales, 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, Wales has remained a Seller's Market.
Key Takeaway
Wales is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wales, MA
How much do homes in Wales, MA cost?
Median Sold Price
$309,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wales have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Wales was $309,000 in March 2024, up 12.8% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $192K | $255K | +32.8% |
| 3 Bedrooms | $340K | $358K | +5.3% |
| 4 Bedrooms | $449K | $234K | -47.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Wales 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 32.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 47.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wales | $274K | $309K | +12.8% |
| Stafford Springs | $252K | $275.5K | +9.3% |
| Brimfield | $375K | $360.2K | -3.9% |
| Holland | $335K | $315.1K | -5.9% |
Housing Supply in Wales, MA
How many homes are available in Wales, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Wales real estate market had 6 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wales 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 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 Wales, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Wales in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Wales, MA
How long does it take to sell a home in Wales, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 130 Days | 34 Days | -73.7% |
Summary: Homes in Wales had an average of 34 days on market in Mar 2024, down by 73.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wales has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Wales; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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