Is 01020, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01020 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 01020 has remained a Seller's Market.

Key Takeaway

01020 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01020, MA

How much do homes in 01020, MA cost?

Median Sold Price

$315,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+10.5%)

Key Takeaway

Homes in 01020 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 01020 was $315,000 in October 2024, up 10.5% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $140K$158.5K
+13.3%
2 $249.9K$251K
0.4%
3 $287K$325K
+13.2%
4 $315.7K$335.1K
+6.1%
5+ $364K$390K
+7.1%

Summary: 01020 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 7.1%.

Median Sold Price Compared To Nearby Zip Codes

01020
+10.5%
01104
+9.4%
01013
+7.1%
01022
+3.3%

Housing Supply in 01020, MA

How many homes are available in 01020, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8682-4.7%

Summary: The 01020 real estate market had 82 homes for sale in October 2024, a 4.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1411
-21.4%
3 4440
-9.1%
4 1420
+42.9%
5+ 139
-30.8%

Summary: The 01020 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 30.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2527+8.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01020, you could pay more than the asking price. 74.1% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 01020 in October 2024, up by 8.0% month-over-month. Of the 27 sold homes, 11% were sold under asking, 15% were sold at asking, and 74% were sold over asking.

Days on Market for 01020, MA

How long does it take to sell a home in 01020, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days26 Days-0.5%

Summary: Homes in 01020 had an average of 26 days on market in Oct 2024, down by 0.5% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01020 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 01020; 70% of homes were sold within 30 days, 26% 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 21 Days Ago

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