Is 01027, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01027 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 01027 has remained a Seller's Market.

Key Takeaway

01027 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01027, MA

How much do homes in 01027, MA cost?

Median Sold Price

$398,000

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,000(+4.7%)

Key Takeaway

Homes in 01027 have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in 01027 was $398,000 in October 2024, up 4.7% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $694.9K$275K
-60.4%
2 $335K$335K
0.0%
3 $360K$399.9K
+11.1%
4 $435K$411K
-5.5%
5+ $502.5K$470K
-6.5%

Summary: 01027 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Zip Codes

01062
+17.9%
01073
+15.8%
01027
+4.7%
01053
+1.0%
01060
+0.6%

Housing Supply in 01027, MA

How many homes are available in 01027, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3242+31.3%

Summary: The 01027 real estate market had 42 homes for sale in October 2024, a 31.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 811
+37.5%
3 1619
+18.8%
4 46
+50.0%
5+ 35
+66.7%

Summary: The 01027 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
510+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01027, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 01027 in October 2024, up by 100.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.

Days on Market for 01027, MA

How long does it take to sell a home in 01027, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days25 Days-6.7%

Summary: Homes in 01027 had an average of 25 days on market in Oct 2024, down by 6.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01027 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 01027; 60% of homes were sold within 30 days, 40% 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 22 Days Ago

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