Is 01089, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01089 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 01089 has remained a Seller's Market.

Key Takeaway

01089 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01089, MA

How much do homes in 01089, MA cost?

Median Sold Price

$310,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,500(+1.5%)

Key Takeaway

Homes in 01089 have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in 01089 was $310,000 in October 2024, up 1.5% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $130K$137.5K
+5.8%
2 $155K$220K
+41.9%
3 $305K$315K
+3.3%
4 $325K$351K
+8.0%
5+ $350K$322.5K
-7.9%

Summary: 01089 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 41.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 7.9%.

Median Sold Price Compared To Nearby Zip Codes

01105
+12.2%
01107
+8.5%
01089
+1.5%
01030
-1.4%

Housing Supply in 01089, MA

How many homes are available in 01089, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6961-11.6%

Summary: The 01089 real estate market had 61 homes for sale in October 2024, a 11.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1615
-6.3%
3 3019
-36.7%
4 1518
+20.0%
5+ 77
0.0%

Summary: The 01089 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 36.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2720-25.9%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01089, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 01089 in October 2024, down by 25.9% month-over-month. Of the 20 sold homes, 50% were sold under asking, 5% were sold at asking, and 45% were sold over asking.

Days on Market for 01089, MA

How long does it take to sell a home in 01089, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days34 Days+8.2%

Summary: Homes in 01089 had an average of 34 days on market in Oct 2024, up by 8.2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01089 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in 01089; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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 4 Days Ago

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