Is 01119, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01119 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 01119 has remained a Seller's Market.

Key Takeaway

01119 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01119, MA

How much do homes in 01119, MA cost?

Median Sold Price

$300,000

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,000(+5.6%)

Key Takeaway

Homes in 01119 have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in 01119 was $300,000 in October 2024, up 5.6% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $152K-
N/A
2 $226K$270K
+19.5%
3 $280.5K$295K
+5.2%
4 $300K$330.5K
+10.2%
5+ $385K$310K
-19.5%

Summary: 01119 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 19.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 19.5%.

Median Sold Price Compared To Nearby Zip Codes

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

Housing Supply in 01119, MA

How many homes are available in 01119, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4450+13.6%

Summary: The 01119 real estate market had 50 homes for sale in October 2024, a 13.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 611
+83.3%
3 2022
+10.0%
4 1614
-12.5%
5+ 23
+50.0%

Summary: The 01119 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 83.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01119, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 01119 in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.

Days on Market for 01119, MA

How long does it take to sell a home in 01119, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days26 Days-21.7%

Summary: Homes in 01119 had an average of 26 days on market in Oct 2024, down by 21.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01119 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 01119; 78% of homes were sold within 30 days, 22% 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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