Is Haverhill, 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, Haverhill has remained a Seller's Market.
Key Takeaway
Haverhill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Haverhill, MA
How much do homes in Haverhill, MA cost?
Median Sold Price
$479,991
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Haverhill have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Haverhill was $479,991 in May 2024, up 1.5% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209.5K | $239K | +14.1% |
| 2 Bedrooms | $350K | $385K | +10.0% |
| 3 Bedrooms | $475K | $500K | +5.3% |
| 4 Bedrooms | $550K | $562.5K | +2.3% |
| 5+ Bedrooms | $615K | $665K | +8.1% |
Summary: Haverhill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Merrimac | $560K | $622.5K | +11.2% |
| Groveland | $544.9K | $600.3K | +10.2% |
| Haverhill | $473K | $479.9K | +1.5% |
| West Newbury | $810K | $817.4K | +0.9% |
Housing Supply in Haverhill, MA
How many homes are available in Haverhill, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 146 | 165 | +13.0% |
Summary: The Haverhill real estate market had 165 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 39 | 41 | +5.1% |
| 3 Bedrooms | 50 | 69 | +38.0% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 29 | 22 | -24.1% |
Summary: The Haverhill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 38%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 24.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 49 | +14.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Haverhill, you could pay more than the asking price. 75.5% of homes here sold above asking price last month.
Summary: A total of 49 homes were sold or pending in Haverhill in May 2024, up by 14.0% month-over-month. Of the 49 sold homes, 20% were sold under asking, 4% were sold at asking, and 76% were sold over asking.
Days on Market for Haverhill, MA
How long does it take to sell a home in Haverhill, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 18 Days | -14.8% |
Summary: Homes in Haverhill had an average of 18 days on market in May 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Haverhill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 49 homes were sold in Haverhill; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
