Is Revere, 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, Revere has remained a Seller's Market.
Key Takeaway
Revere is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Revere, MA
How much do homes in Revere, MA cost?
Median Sold Price
$600,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Revere have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Revere was $600,000 in May 2024, down 3.9% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $337.5K | +8.9% |
| 2 Bedrooms | $455K | $490K | +7.7% |
| 3 Bedrooms | $571.1K | $600K | +5.1% |
| 4 Bedrooms | $700K | $695K | -0.7% |
| 5+ Bedrooms | $816K | $832.5K | +2.0% |
Summary: Revere housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 2%.
Housing Supply in Revere, MA
How many homes are available in Revere, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 105 | 105 | 0.0% |
Summary: The Revere real estate market had 105 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 29 | 30 | +3.4% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Revere 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 decreased by 3.7%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Revere, you could pay more than the asking price. 65.7% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Revere in May 2024, up by 16.7% month-over-month. Of the 35 sold homes, 31% were sold under asking, 3% were sold at asking, and 66% were sold over asking.
Days on Market for Revere, MA
How long does it take to sell a home in Revere, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 29 Days | +39.9% |
Summary: Homes in Revere had an average of 29 days on market in May 2024, up by 39.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Revere are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in Revere; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
