Is 01583, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01583 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 01583 has remained a Seller's Market.

Key Takeaway

01583 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01583, MA

How much do homes in 01583, MA cost?

Median Sold Price

$510,000

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,000(+9.7%)

Key Takeaway

Homes in 01583 have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in 01583 was $510,000 in November 2024, up 9.7% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $250K-
N/A
2 $418.5K$495K
+18.3%
3 $465K$488.7K
+5.1%
4 $562.5K$565K
0.4%
5+ $530K$590K
+11.3%

Summary: 01583 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 11.3%.

Median Sold Price Compared To Nearby Zip Codes

01564
+16.9%
01583
+9.7%
01505
+5.7%
01520
+5.1%
01606
+4.8%

Housing Supply in 01583, MA

How many homes are available in 01583, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2427+12.5%

Summary: The 01583 real estate market had 27 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 813
+62.5%
4 77
0.0%
5+ 21
-50.0%

Summary: The 01583 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 decreased by 14.3%, 3 bedroom homes increased by 62.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01583, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 01583 in November 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for 01583, MA

How long does it take to sell a home in 01583, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days42 Days+118.8%

Summary: Homes in 01583 had an average of 42 days on market in Nov 2024, up by 118.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01583 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 01583; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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 17 Days Ago

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