Is South End, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, South End was a Seller's Market.
Key Takeaway
South End is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South End, MA
How much do homes in South End, MA cost?
Median Sold Price
$1,407,500
$1,172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South End have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in South End was $1,407,500 in May 2024, up 17.3% from last year, and the median price per square foot was $1,172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $757.5K | $785K | +3.6% |
| 2 Bedrooms | $1.2M | $1.3M | +14.7% |
| 3 Bedrooms | $2.1M | $2.5M | +17.7% |
| 4 Bedrooms | $3.2M | $3.1M | -3.3% |
| 5+ Bedrooms | $3.8M | $3.3M | -13.6% |
Summary: South End housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 17.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 13.6%.
Housing Supply in South End, MA
How many homes are available in South End, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 201 | 236 | +17.4% |
Summary: The South End real estate market had 236 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 49 | 60 | +22.4% |
| 2 Bedrooms | 85 | 94 | +10.6% |
| 3 Bedrooms | 43 | 55 | +27.9% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The South End housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 27.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 35 | +20.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South End, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in South End in May 2024, up by 20.7% month-over-month. Of the 35 sold homes, 54% were sold under asking, 9% were sold at asking, and 37% were sold over asking.
Days on Market for South End, MA
How long does it take to sell a home in South End, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 31 Days | -10.0% |
Summary: Homes in South End had an average of 31 days on market in May 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South End are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in South End; 60% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
