Is 01420, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01420 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 01420 has remained a Seller's Market.

Key Takeaway

01420 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01420, MA

How much do homes in 01420, MA cost?

Median Sold Price

$400,000

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,300(+9.7%)

Key Takeaway

Homes in 01420 have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in 01420 was $400,000 in October 2024, up 9.7% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $168.3K$265K
+57.4%
2 $306K$337.5K
+10.3%
3 $360K$390K
+8.3%
4 $383.7K$425K
+10.7%
5+ $450K$495K
+10.0%

Summary: 01420 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.4%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Zip Codes

01462
+10.6%
01420
+9.7%
01453
+9.0%
01431
+2.4%
01473
-6.3%

Housing Supply in 01420, MA

How many homes are available in 01420, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
138150+8.7%

Summary: The 01420 real estate market had 150 homes for sale in October 2024, a 8.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 42
-50.0%
2 2629
+11.5%
3 4243
+2.4%
4 3237
+15.6%
5+ 3439
+14.7%

Summary: The 01420 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 14.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3345+36.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01420, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 45 homes were sold or pending in 01420 in October 2024, up by 36.4% month-over-month. Of the 45 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.

Days on Market for 01420, MA

How long does it take to sell a home in 01420, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days31 Days+30.9%

Summary: Homes in 01420 had an average of 31 days on market in Oct 2024, up by 30.9% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01420 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 45 homes were sold in 01420; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

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