Is Winter Hill / Magoun, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Winter Hill / Magoun was a Seller's Market.
Key Takeaway
Winter Hill / Magoun is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Winter Hill / Magoun, MA
How much do homes in Winter Hill / Magoun, MA cost?
Median Sold Price
$908,500
$561/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Winter Hill / Magoun have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Winter Hill / Magoun was $908,500 in April 2024, up 4.5% from last year, and the median price per square foot was $561.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $383.3K | -19.3% |
| 2 Bedrooms | $680K | $721K | +6.0% |
| 3 Bedrooms | $935K | $889.2K | -4.9% |
| 4 Bedrooms | $1.0M | $1.0M | +5.0% |
| 5+ Bedrooms | $1.2M | $1.1M | -9.2% |
Summary: Winter Hill / Magoun housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.3%, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Neighborhoods
| East Somerville | $782.5K | $857.5K | +9.6% |
| Winter Hill / Magoun | $869K | $908.5K | +4.5% |
Housing Supply in Winter Hill / Magoun, MA
How many homes are available in Winter Hill / Magoun, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The Winter Hill / Magoun real estate market had 36 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Winter Hill / Magoun housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -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
Key Takeaway
If you're buying a home in Winter Hill / Magoun, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Winter Hill / Magoun in April 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Winter Hill / Magoun, MA
How long does it take to sell a home in Winter Hill / Magoun, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 10 Days | -72.5% |
Summary: Homes in Winter Hill / Magoun had an average of 10 days on market in Apr 2024, down by 72.5% compared to last year.
Breakdown of Home Sale Times
3 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 Winter Hill / Magoun are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Winter Hill / Magoun; 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.
