$1,389 Closing Credit*
$117,000
523 SqFt
1 Bed
•1 Full Bath
#73320583, Maria Rosario, Listing Office: Coldwell Banker Realty - Western MA
Is 01040, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 01040 has remained a Seller's Market.
Key Takeaway
01040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01040, MA
How much do homes in 01040, MA cost?
Median Sold Price
$300,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,000(+4.9%)
Key Takeaway
Homes in 01040 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 01040 was $300,000 in November 2024, up 4.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127K | $142.5K | +12.2% |
| 2 Bedrooms | $248.7K | $203K | -18.4% |
| 3 Bedrooms | $282K | $300K | +6.4% |
| 4 Bedrooms | $275K | $332.5K | +20.9% |
| 5+ Bedrooms | $357.5K | $357.5K | 0.0% |
Summary: 01040 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes decreased by 18.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes did not change.
Housing Supply in 01040, MA
How many homes are available in 01040, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 | 79 | -12.2% |
Summary: The 01040 real estate market had 79 homes for sale in November 2024, a 12.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 19 | 14 | -26.3% |
| 3 Bedrooms | 38 | 32 | -15.8% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The 01040 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 26.3%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 22 | -24.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01040, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 01040 in November 2024, down by 24.1% month-over-month. Of the 22 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.
Days on Market for 01040, MA
How long does it take to sell a home in 01040, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 28 Days | -35.8% |
Summary: Homes in 01040 had an average of 28 days on market in Nov 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 01040 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in 01040; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
