Is South Hadley, 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, South Hadley has remained a Seller's Market.
Key Takeaway
South Hadley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Hadley, MA
How much do homes in South Hadley, MA cost?
Median Sold Price
$353,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Hadley have sold for 7% more than they did a year ago.
Summary: The median home sold price in South Hadley was $353,000 in May 2024, up 7% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.6K | $186K | -8.2% |
| 2 Bedrooms | $266K | $314K | +18.0% |
| 3 Bedrooms | $353.7K | $372K | +5.2% |
| 4 Bedrooms | $357.5K | $400K | +11.9% |
| 5+ Bedrooms | $383.5K | $415K | +8.2% |
Summary: South Hadley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in South Hadley, MA
How many homes are available in South Hadley, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Summary: The South Hadley real estate market had 40 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The South Hadley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Hadley, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in South Hadley in May 2024, down by 50.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for South Hadley, MA
How long does it take to sell a home in South Hadley, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 41 Days | +12.3% |
Summary: Homes in South Hadley had an average of 41 days on market in May 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Hadley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in South Hadley; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
