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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01071 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 01071 was a Seller's Market.

Key Takeaway

01071 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 01071, MA

How much do homes in 01071, MA cost?

Median Sold Price

$390,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$118,000(+43.4%)

Key Takeaway

Homes in 01071 have sold for 43.4% more than they did a year ago.

Summary: The median home sold price in 01071 was $390,000 in November 2024, up 43.4% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $210K$105K
-50.0%
3 $353.5K$380K
+7.5%
4 $335K$405K
+20.9%
5+ $587K$390K
-33.6%

Summary: 01071 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 33.6%.

Median Sold Price Compared To Nearby Zip Codes

01071
+43.4%
01034
+17.7%
01085
+11.7%
01050
+10.2%

Housing Supply in 01071, MA

How many homes are available in 01071, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
76-14.3%

Summary: The 01071 real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 21
-50.0%
5+ 22
0.0%

Summary: The 01071 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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 1 homes were sold or pending in 01071 in November 2024, down by 50.0% month-over-month. Of the 1 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

Nov 2023Nov 2024CHANGE
10 Days23 Days+119.0%

Summary: Homes in 01071 had an average of 23 days on market in Nov 2024, up by 119% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 November 2024, 1 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 17 Days Ago

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