$3,859 Closing Credit*
$325,000
1,755 SqFt
4 Beds
•2 Full Baths
#73320976, The Bay State Team, Listing Office: RE/MAX Connections
Is 01118, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$305,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+8.9%)
Key Takeaway
Homes in 01118 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 01118 was $305,000 in November 2024, up 8.9% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $261.5K | +6.7% |
| 3 Bedrooms | $280K | $307.4K | +9.8% |
| 4 Bedrooms | $300K | $337.5K | +12.5% |
| 5+ Bedrooms | $350K | $410K | +17.1% |
Summary: 01118 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 17.1%.
Housing Supply in 01118, MA
How many homes are available in 01118, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 61 | -3.2% |
Summary: The 01118 real estate market had 61 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 36 | 33 | -8.3% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 01118 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01118, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 01118 in November 2024, up by 20.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 27 Days | -21.4% |
Summary: Homes in 01118 had an average of 27 days on market in Nov 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 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 November 2024, 18 homes were sold in 01118; 61% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
