Is Mansfield, 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, Mansfield has remained a Seller's Market.
Key Takeaway
Mansfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mansfield, MA
How much do homes in Mansfield, MA cost?
Median Sold Price
$649,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mansfield have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Mansfield was $649,000 in May 2024, up 6.4% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187K | $247.5K | +32.4% |
| 2 Bedrooms | $359.9K | $411.5K | +14.3% |
| 3 Bedrooms | $588.7K | $621.7K | +5.6% |
| 4 Bedrooms | $762.5K | $760K | -0.3% |
| 5+ Bedrooms | $757.5K | $737K | -2.7% |
Summary: Mansfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Easton | $555K | $620K | +11.7% |
| Foxborough | $600K | $667.5K | +11.3% |
| Foxboro | $600K | $667.5K | +11.3% |
| Norton | $493.5K | $528.5K | +7.1% |
| Mansfield | $610K | $649K | +6.4% |
Housing Supply in Mansfield, MA
How many homes are available in Mansfield, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 39 | +30.0% |
Summary: The Mansfield real estate market had 39 homes for sale in May 2024, a 30.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Mansfield 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 75%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mansfield, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Mansfield in May 2024, up by 85.7% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% were sold over asking.
Days on Market for Mansfield, MA
How long does it take to sell a home in Mansfield, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 22 Days | +82.2% |
Summary: Homes in Mansfield had an average of 22 days on market in May 2024, up by 82.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mansfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Mansfield; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
