Is Middlesex County, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middlesex County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Middlesex County has remained a Seller's Market.

Key Takeaway

Middlesex County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Middlesex County, MA

How much do homes in Middlesex County, MA cost?

Median Sold Price

$775,256

$412/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$62,132(+8.7%)

Key Takeaway

Homes in Middlesex County have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Middlesex County was $775,256 in May 2024, up 8.7% from last year, and the median price per square foot was $412.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $374.9K$396.7K
+5.8%
2 $514K$574.5K
+11.8%
3 $674.3K$718.9K
+6.6%
4 $899.5K$974.9K
+8.4%
5+ $1.2M$1.3M
+9.6%

Summary: Middlesex County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Counties

Middlesex County
+8.7%
Worcester County
+8.1%
Norfolk County
+7.6%
Essex County
+5.6%
Suffolk County
+3.7%

Housing Supply in Middlesex County, MA

How many homes are available in Middlesex County, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3,9094,551+16.4%

Summary: The Middlesex County real estate market had 4,551 homes for sale in May 2024, a 16.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 197184
-6.6%
2 770862
+11.9%
3 1,1911,395
+17.1%
4 9861,209
+22.6%
5+ 765901
+17.8%

Summary: The Middlesex County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 17.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1,0081,197+18.8%

Asking Price vs. Sold Price

288 Homes Were Sold
Under Asking

80 Homes Were Sold
At Asking

829 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middlesex County, you could pay more than the asking price. 69.3% of homes here sold above asking price last month.

Summary: A total of 1,197 homes were sold or pending in Middlesex County in May 2024, up by 18.8% month-over-month. Of the 1,197 sold homes, 24% were sold under asking, 7% were sold at asking, and 69% were sold over asking.

Days on Market for Middlesex County, MA

How long does it take to sell a home in Middlesex County, MA?

Average Sale Time

May 2023May 2024CHANGE
25 Days22 Days-11.7%

Summary: Homes in Middlesex County had an average of 22 days on market in May 2024, down by 11.7% compared to last year.

Breakdown of Home Sale Times

998 Homes Were Sold
Under 30 Days

157 Homes Were Sold
In 30 - 90 Days

41 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Middlesex County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1197 homes were sold in Middlesex County; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Middlesex County, MA

Nearby Markets to Middlesex County, MA

What housing markets are near Middlesex County, MA?