Is 01109, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01109 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 01109 has remained a Seller's Market.

Key Takeaway

01109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01109, MA

How much do homes in 01109, MA cost?

Median Sold Price

$270,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+8.0%)

Key Takeaway

Homes in 01109 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 01109 was $270,000 in October 2024, up 8% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $215K$250K
+16.3%
3 $245K$257K
+4.9%
4 $257K$267K
+3.9%
5+ $292.5K$322K
+10.1%

Summary: 01109 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 increased by 16.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Zip Codes

01105
+12.2%
01104
+9.4%
01109
+8.0%
01118
+7.8%
01119
+5.6%

Housing Supply in 01109, MA

How many homes are available in 01109, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8587+2.4%

Summary: The 01109 real estate market had 87 homes for sale in October 2024, a 2.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 3024
-20.0%
4 1924
+26.3%
5+ 2832
+14.3%

Summary: The 01109 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 decreased by 12.5%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01109, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in 01109 in October 2024, up by 6.3% month-over-month. Of the 17 sold homes, 24% were sold under asking, 18% were sold at asking, and 59% were sold over asking.

Days on Market for 01109, MA

How long does it take to sell a home in 01109, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days43 Days+13.5%

Summary: Homes in 01109 had an average of 43 days on market in Oct 2024, up by 13.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01109 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 01109; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% 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

Newest Listings in 01109, MA

Nearby Markets to 01109, MA