Is 01007, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01007 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 01007 has remained a Seller's Market.

Key Takeaway

01007 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01007, MA

How much do homes in 01007, MA cost?

Median Sold Price

$460,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$56,700(+14.1%)

Key Takeaway

Homes in 01007 have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in 01007 was $460,000 in November 2024, up 14.1% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$176.5K
N/A
2 $310.7K$307.5K
-1.0%
3 $397.5K$462K
+16.2%
4 $442.5K$547.4K
+23.7%
5+ $350K$387.5K
+10.7%

Summary: 01007 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Zip Codes

01007
+14.1%
01069
+10.6%
01056
+9.8%
01082
+1.6%

Housing Supply in 01007, MA

How many homes are available in 01007, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3837-2.6%

Summary: The 01007 real estate market had 37 homes for sale in November 2024, a 2.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 2220
-9.1%
4 1010
0.0%
5+ 23
+50.0%

Summary: The 01007 housing inventory by bedroom type for November 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 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01007, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 01007 in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.

Days on Market for 01007, MA

How long does it take to sell a home in 01007, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days37 Days+43.1%

Summary: Homes in 01007 had an average of 37 days on market in Nov 2024, up by 43.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01007 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 01007; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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