Is Harvard, 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, Harvard has remained a Seller's Market.
Key Takeaway
Harvard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Harvard, MA
How much do homes in Harvard, MA cost?
Median Sold Price
$950,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Harvard have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Harvard was $950,000 in May 2024, up 11.6% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $717.6K | $592.5K | -17.4% |
| 3 Bedrooms | $730K | $745K | +2.1% |
| 4 Bedrooms | $1.0M | $1.0M | +7.8% |
| 5+ Bedrooms | $1.6M | $1.4M | -15.4% |
Summary: Harvard housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Boxborough | $475.2K | $650K | +36.8% |
| Harvard | $851K | $950K | +11.6% |
| Lancaster | $480K | $515K | +7.3% |
| Ayer | $530K | $485K | -8.5% |
Housing Supply in Harvard, MA
How many homes are available in Harvard, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Harvard real estate market had 19 homes for sale in May 2024, a 26.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Harvard 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harvard, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Harvard in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Harvard, MA
How long does it take to sell a home in Harvard, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 20 Days | -31.3% |
Summary: Homes in Harvard had an average of 20 days on market in May 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
3 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 Harvard are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Harvard; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
