Is 01071, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01071 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 01071 was a Neutral Market.

Key Takeaway

01071 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01071, MA

How much do homes in 01071, MA cost?

Median Sold Price

$383,500

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$91,500(+31.3%)

Key Takeaway

Homes in 01071 have sold for 31.3% more than they did a year ago.

Summary: The median home sold price in 01071 was $383,500 in October 2024, up 31.3% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $208.7K$170K
-18.6%
3 $340.5K$361K
+6.0%
4 $335K$405K
+20.9%
5+ $655K$390K
-40.5%

Summary: 01071 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 40.5%.

Median Sold Price Compared To Nearby Zip Codes

01071
+31.3%
01034
+23.2%
01085
+12.0%
01050
-1.0%

Housing Supply in 01071, MA

How many homes are available in 01071, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
58+60.0%

Summary: The 01071 real estate market had 8 homes for sale in October 2024, a 60.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 32
-33.3%
4 23
+50.0%
5+ 02
+100.0%

Summary: The 01071 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01071, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 01071 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 01071, MA

How long does it take to sell a home in 01071, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days24 Days-51.0%

Summary: Homes in 01071 had an average of 24 days on market in Oct 2024, down by 51% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01071 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 01071; 100% of homes were sold within 30 days, 0% 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 16 Days Ago

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