$2,850 Closing Credit*
$240,000
1,530 SqFt
3 Beds
•2 Full Baths
#73320238, The Ponte Group, Listing Office: Keller Williams South Watuppa
Is 01516, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 01516 was a Seller's Market.
Key Takeaway
01516 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 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 November 2023
+$6,000(+1.2%)
Key Takeaway
Homes in 01516 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 01516 was $501,000 in November 2024, up 1.2% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $290K | -38.9% |
| 2 Bedrooms | $384K | $419.4K | +9.2% |
| 3 Bedrooms | $486K | $478.9K | -1.5% |
| 4 Bedrooms | $600K | $670K | +11.7% |
| 5+ Bedrooms | $617.5K | $600K | -2.8% |
Summary: 01516 housing prices by bedroom type for November 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 1.5%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in 01516, MA
How many homes are available in 01516, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 45 | +7.1% |
Summary: The 01516 real estate market had 45 homes for sale in November 2024, a 7.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 01516 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01516, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 01516 in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 36 Days | +147.1% |
Summary: Homes in 01516 had an average of 36 days on market in Nov 2024, up by 147.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 01516 has remained consistent over time.
Summary: During November 2024, 7 homes were sold in 01516; 29% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
