Is 02360, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 02360 has remained a Seller's Market.
Key Takeaway
02360 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02360, MA
How much do homes in 02360, MA cost?
Median Sold Price
$600,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 02360 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 02360 was $600,000 in May 2024, up 7.4% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350.5K | $250K | -28.7% |
| 2 Bedrooms | $496K | $554.9K | +11.9% |
| 3 Bedrooms | $550K | $600K | +9.1% |
| 4 Bedrooms | $680.5K | $689K | +1.2% |
| 5+ Bedrooms | $745K | $875K | +17.4% |
Summary: 02360 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.7%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 17.4%.
Housing Supply in 02360, MA
How many homes are available in 02360, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 241 | 264 | +9.5% |
Summary: The 02360 real estate market had 264 homes for sale in May 2024, a 9.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 94 | 99 | +5.3% |
| 3 Bedrooms | 97 | 110 | +13.4% |
| 4 Bedrooms | 35 | 39 | +11.4% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 02360 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 62 | -7.5% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02360, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 62 homes were sold or pending in 02360 in May 2024, down by 7.5% month-over-month. Of the 62 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% were sold over asking.
Days on Market for 02360, MA
How long does it take to sell a home in 02360, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 43 Days | -2.9% |
Summary: Homes in 02360 had an average of 43 days on market in May 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02360 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 62 homes were sold in 02360; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
