$3,788 Closing Credit*
$319,000
1,572 SqFt
2 Beds
•1 Full Bath
#73314999, Amelia Mosley, Listing Office: Naples Realty Group
Is 01040, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$299,966
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,966(+4.2%)
Key Takeaway
Homes in 01040 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 01040 was $299,966 in October 2024, up 4.2% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $140K | +12.0% |
| 2 Bedrooms | $249.7K | $206K | -17.5% |
| 3 Bedrooms | $287K | $285K | -0.7% |
| 4 Bedrooms | $272K | $316K | +16.2% |
| 5+ Bedrooms | $355K | $360K | +1.4% |
Summary: 01040 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 17.5%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 01040, MA
How many homes are available in 01040, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 92 | +13.6% |
Summary: The 01040 real estate market had 92 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 30 | 39 | +30.0% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The 01040 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01040, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 01040 in October 2024, up by 26.3% month-over-month. Of the 24 sold homes, 29% were sold under asking, 8% were sold at asking, and 63% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 40 Days | +13.9% |
Summary: Homes in 01040 had an average of 40 days on market in Oct 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 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 October 2024, 24 homes were sold in 01040; 58% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
