Is 01118, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01118 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $245K$270.5K
+10.4%
3 $280K$304K
+8.6%
4 $300K$333K
+11.0%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

01129
+10.6%
01128
+10.2%
01109
+8.0%
01118
+7.8%
01119
+5.6%

Housing Supply in 01118, MA

How many homes are available in 01118, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5465+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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 58
+60.0%
3 3738
+2.7%
4 915
+66.7%
5+ 34
+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 2024Oct 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
23 Days34 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

Breakdown of Home Sale Times

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.

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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