$4,155 Closing Credit*
$349,900
1,819 SqFt
4 Beds
•2 Full Baths
#73314634, Katelyn Ellis, Listing Office: Naples Realty Group
Is 01118, 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, 01118 has remained a Seller's Market.
Key Takeaway
01118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01118, MA
How much do homes in 01118, MA cost?
Median Sold Price
$300,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,800(+7.8%)
Key Takeaway
Homes in 01118 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 01118 was $300,000 in October 2024, up 7.8% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $270.5K | +10.4% |
| 3 Bedrooms | $280K | $304K | +8.6% |
| 4 Bedrooms | $300K | $333K | +11.0% |
| 5+ Bedrooms | $397.5K | $395K | -0.6% |
Summary: 01118 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 10.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in 01118, MA
How many homes are available in 01118, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 65 | +20.4% |
Summary: The 01118 real estate market had 65 homes for sale in October 2024, a 20.4% increase 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 | 5 | 8 | +60.0% |
| 3 Bedrooms | 37 | 38 | +2.7% |
| 4 Bedrooms | 9 | 15 | +66.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 01118 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 60%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01118, you could pay more than the asking price. 92.3% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 01118 in October 2024, down by 18.8% month-over-month. Of the 13 sold homes, 0% were sold under asking, 8% were sold at asking, and 92% were sold over asking.
Days on Market for 01118, MA
How long does it take to sell a home in 01118, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 34 Days | +48.9% |
Summary: Homes in 01118 had an average of 34 days on market in Oct 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 01118 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 01118; 54% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
