Is 01056, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01056 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 01056 has remained a Seller's Market.

Key Takeaway

01056 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01056, MA

How much do homes in 01056, MA cost?

Median Sold Price

$335,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+9.8%)

Key Takeaway

Homes in 01056 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 01056 was $335,000 in November 2024, up 9.8% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $107K$258K
+141.1%
2 $265K$282K
+6.4%
3 $320.5K$369K
+15.1%
4 $343.5K$360K
+4.8%
5+ $369.5K$409.9K
+11.0%

Summary: 01056 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 11%.

Median Sold Price Compared To Nearby Zip Codes

01151
+11.3%
01056
+9.8%
01095
+8.5%
01080
+5.2%
01022
0.0%

Housing Supply in 01056, MA

How many homes are available in 01056, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7163-11.3%

Summary: The 01056 real estate market had 63 homes for sale in November 2024, a 11.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1412
-14.3%
3 3529
-17.1%
4 1416
+14.3%
5+ 76
-14.3%

Summary: The 01056 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1819+5.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01056, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 01056 in November 2024, up by 5.6% month-over-month. Of the 19 sold homes, 37% were sold under asking, 0% were sold at asking, and 63% were sold over asking.

Days on Market for 01056, MA

How long does it take to sell a home in 01056, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days25 Days-22.8%

Summary: Homes in 01056 had an average of 25 days on market in Nov 2024, down by 22.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01056 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in 01056; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% 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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