Is 01247, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01247 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 01247 has remained a Seller's Market.

Key Takeaway

01247 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01247, MA

How much do homes in 01247, MA cost?

Median Sold Price

$276,450

$171/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$25,550(-8.5%)

Key Takeaway

Homes in 01247 have sold for 8.5% less than they did a month ago.

Summary: The median home sold price in 01247 was $276,450 in November 2024, down 8.5% from last month, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$196K
N/A
3 $310.2K$323K
+4.1%
4 $284K$716.5K
+152.3%
5+ $320K$135K
-57.8%

Summary: 01247 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 152.3%, and 5+ bedroom homes decreased by 57.8%.

Housing Supply in 01247, MA

How many homes are available in 01247, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2221-4.5%

Summary: The 01247 real estate market had 21 homes for sale in November 2024, a 4.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 86
-25.0%
4 32
-33.3%
5+ 77
0.0%

Summary: The 01247 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 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01247, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 01247 in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 01247, MA

How long does it take to sell a home in 01247, MA?

Average Sale Time

Oct 2024Nov 2024CHANGE
41 Days64 Days+55.0%

Summary: Homes in 01247 had an average of 64 days on market in Nov 2024, up by 55% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 01247 has remained consistent over time.

Summary: During November 2024, 6 homes were sold in 01247; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% 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 18 Days Ago

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