$5,224 Closing Credit*
$439,900
1,076 SqFt
3 Beds
•1 Full Bath
#73313219, Zaira McIlvene, Listing Office: Advisors Living - Wellesley
Is 01583, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 01583 was a Seller's Market.
Key Takeaway
01583 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 01583, MA
How much do homes in 01583, MA cost?
Median Sold Price
$510,500
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,500(+11.7%)
Key Takeaway
Homes in 01583 have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in 01583 was $510,500 in October 2024, up 11.7% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $410K | $501.5K | +22.3% |
| 3 Bedrooms | $457K | $487.5K | +6.7% |
| 4 Bedrooms | $540K | $570K | +5.6% |
| 5+ Bedrooms | $790K | $590K | -25.3% |
Summary: 01583 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 25.3%.
Housing Supply in 01583, MA
How many homes are available in 01583, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Summary: The 01583 real estate market had 24 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 01583 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 01583, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 01583 in October 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 29 Days | +61.1% |
Summary: Homes in 01583 had an average of 29 days on market in Oct 2024, up by 61.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 01583 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 01583; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
