Is 01462, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01462 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 01462 was a Seller's Market.

Key Takeaway

01462 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 01462, MA

How much do homes in 01462, MA cost?

Median Sold Price

$545,000

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,000(+9.0%)

Key Takeaway

Homes in 01462 have sold for 9% more than they did a year ago.

Summary: The median home sold price in 01462 was $545,000 in November 2024, up 9% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $197.5K$295K
+49.4%
2 $400K$402.5K
+0.6%
3 $497.4K$529K
+6.4%
4 $695K$725K
+4.3%
5+ $760K$661K
-13.0%

Summary: 01462 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.4%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 13%.

Median Sold Price Compared To Nearby Zip Codes

01464
+9.6%
01462
+9.0%
01420
+8.1%
01453
+7.4%
01469
+1.7%

Housing Supply in 01462, MA

How many homes are available in 01462, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4342-2.3%

Summary: The 01462 real estate market had 42 homes for sale in November 2024, a 2.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 2724
-11.1%
4 45
+25.0%
5+ 33
0.0%

Summary: The 01462 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 11.1%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
137-46.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01462, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 01462 in November 2024, down by 46.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for 01462, MA

How long does it take to sell a home in 01462, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days32 Days-21.6%

Summary: Homes in 01462 had an average of 32 days on market in Nov 2024, down by 21.6% compared to last year.

Breakdown of Home Sale Times

5 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 01462 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 01462; 71% of homes were sold within 30 days, 29% 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 22 Days Ago

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