$3,563 Closing Credit*
$300,000
1,295 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73314907, The Madison Team, Listing Office: Lock and Key Realty Inc.
Is 01108, 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, 01108 has remained a Seller's Market.
Key Takeaway
01108 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01108, MA
How much do homes in 01108, MA cost?
Median Sold Price
$325,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+8.3%)
Key Takeaway
Homes in 01108 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 01108 was $325,000 in October 2024, up 8.3% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | $172K | +9.2% |
| 2 Bedrooms | $225K | $259.5K | +15.3% |
| 3 Bedrooms | $266.7K | $282K | +5.7% |
| 4 Bedrooms | $275K | $306K | +11.3% |
| 5+ Bedrooms | $325K | $372.5K | +14.6% |
Summary: 01108 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 14.6%.
Housing Supply in 01108, MA
How many homes are available in 01108, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 85 | -6.6% |
Summary: The 01108 real estate market had 85 homes for sale in October 2024, a 6.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 54 | 44 | -18.5% |
Summary: The 01108 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 remained the same, 3 bedroom homes increased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 18.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01108, you could pay more than the asking price. 77.3% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 01108 in October 2024, the same as the previous month. Of the 22 sold homes, 18% were sold under asking, 5% were sold at asking, and 77% were sold over asking.
Days on Market for 01108, MA
How long does it take to sell a home in 01108, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -20.3% |
Summary: Homes in 01108 had an average of 22 days on market in Oct 2024, down by 20.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 01108 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 01108; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
