Is Northampton, 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, Northampton has remained a Seller's Market.
Housing Prices in Northampton, MA
How much do homes in Northampton, MA cost?
Median Sold Price
$430,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northampton was $430,000 in April 2024, up 3.4% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272.5K | $199K | -27.0% |
2 Bedrooms | $312K | $351K | +12.5% |
3 Bedrooms | $420K | $423K | +0.7% |
4 Bedrooms | $675K | $565K | -16.3% |
5+ Bedrooms | $655.5K | $721K | +10.0% |
Summary: Northampton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
Florence | $391K | $416.5K | +6.5% |
Northampton | $416K | $430K | +3.4% |
Easthampton Town | $380.7K | $392K | +3.0% |
Hadley | $550K | $546K | -0.7% |
Housing Supply in Northampton, MA
How many homes are available in Northampton, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 58 | +20.8% |
Summary: The Northampton real estate market had 58 homes for sale in April 2024, a 20.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Northampton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 27.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Northampton in April 2024, up by 16.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 7% were sold at asking, and 71% were sold over asking.
Days on Market for Northampton, MA
How long does it take to sell a home in Northampton, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 33 Days | -27.9% |
Summary: Homes in Northampton had an average of 33 days on market in Apr 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Northampton; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.