Is Agawam Town, 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, Agawam Town has remained a Seller's Market.
Key Takeaway
Agawam Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Agawam Town, MA
How much do homes in Agawam Town, MA cost?
Median Sold Price
$326,666
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Agawam Town have sold for 10% more than they did a year ago.
Summary: The median home sold price in Agawam Town was $326,666 in May 2024, up 10% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124K | $157K | +26.6% |
| 2 Bedrooms | $245.5K | $259K | +5.5% |
| 3 Bedrooms | $313.7K | $335K | +6.8% |
| 4 Bedrooms | $348K | $412K | +18.4% |
| 5+ Bedrooms | $440K | $459.9K | +4.5% |
Summary: Agawam Town housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Agawam | $273.7K | $305K | +11.4% |
| Agawam Town | $297K | $326.6K | +10.0% |
| Feeding Hills | $340K | $350K | +2.9% |
| West Springfield Town | $300K | $305K | +1.7% |
| West Springfield | $300K | $305K | +1.7% |
Housing Supply in Agawam Town, MA
How many homes are available in Agawam Town, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 66 | -2.9% |
Summary: The Agawam Town real estate market had 66 homes for sale in May 2024, a 2.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 27 | +22.7% |
| 3 Bedrooms | 32 | 23 | -28.1% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Agawam Town 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 22.7%, 3 bedroom homes decreased by 28.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Agawam Town, you could pay more than the asking price. 84.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Agawam Town in May 2024, down by 9.5% month-over-month. Of the 19 sold homes, 16% were sold under asking, 0% were sold at asking, and 84% were sold over asking.
Days on Market for Agawam Town, MA
How long does it take to sell a home in Agawam Town, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 18 Days | -14.3% |
Summary: Homes in Agawam Town had an average of 18 days on market in May 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Agawam Town are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Agawam Town; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
