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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01462 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 01462 has remained a Seller's Market.

Key Takeaway

01462 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01462, MA

How much do homes in 01462, MA cost?

Median Sold Price

$547,400

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,450(+10.6%)

Key Takeaway

Homes in 01462 have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in 01462 was $547,400 in October 2024, up 10.6% from last year, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $197.5K$295K
+49.4%
2 $377.5K$400K
+6.0%
3 $489K$529K
+8.2%
4 $691.6K$727.4K
+5.2%
5+ $760K$661K
-13.0%

Summary: 01462 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.4%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 13%.

Median Sold Price Compared To Nearby Zip Codes

01462
+10.6%
01420
+9.7%
01453
+9.0%
01464
+6.1%
01469
-1.1%

Housing Supply in 01462, MA

How many homes are available in 01462, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4546+2.2%

Summary: The 01462 real estate market had 46 homes for sale in October 2024, a 2.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 810
+25.0%
3 2525
0.0%
4 86
-25.0%
5+ 45
+25.0%

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

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12120.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01462, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 01462 in October 2024, the same as the previous month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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

Oct 2023Oct 2024CHANGE
37 Days32 Days-15.2%

Summary: Homes in 01462 had an average of 32 days on market in Oct 2024, down by 15.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 12 homes were sold in 01462; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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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