$4,511 Closing Credit*
$379,900
1,748 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73312594, Amy Marshall, Listing Office: Premeer Real Estate Inc.
Is 01516, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 01516 has remained a Seller's Market.
Key Takeaway
01516 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01516, MA
How much do homes in 01516, MA cost?
Median Sold Price
$501,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,500(+0.7%)
Key Takeaway
Homes in 01516 have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in 01516 was $501,000 in October 2024, up 0.7% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $290K | -38.9% |
| 2 Bedrooms | $384K | $419.4K | +9.2% |
| 3 Bedrooms | $492.5K | $474K | -3.8% |
| 4 Bedrooms | $600K | $670K | +11.7% |
| 5+ Bedrooms | $597.4K | $600K | 0.4% |
Summary: 01516 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.9%, 2 bedroom homes increased by 9.2%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in 01516, MA
How many homes are available in 01516, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 41 | +5.1% |
Summary: The 01516 real estate market had 41 homes for sale in October 2024, a 5.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 01516 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 decreased by 16.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01516, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 01516 in October 2024, up by 140.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% were sold over asking.
Days on Market for 01516, MA
How long does it take to sell a home in 01516, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 41 Days | +71.8% |
Summary: Homes in 01516 had an average of 41 days on market in Oct 2024, up by 71.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 01516 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 01516; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
