Is 01585, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01585 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 01585 was a Seller's Market.

Key Takeaway

01585 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 01585, MA

How much do homes in 01585, MA cost?

Median Sold Price

$392,500

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,000(+11.3%)

Key Takeaway

Homes in 01585 have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in 01585 was $392,500 in November 2024, up 11.3% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $300K$266K
-11.3%
2 $276.8K$372.5K
+34.5%
3 $355K$410.9K
+15.8%
4 $458.9K$460K
0.2%
5+ $339K$346.5K
+2.2%

Summary: 01585 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes increased by 34.5%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Zip Codes

01535
+17.3%
01585
+11.3%
01506
-2.4%

Housing Supply in 01585, MA

How many homes are available in 01585, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2632+23.1%

Summary: The 01585 real estate market had 32 homes for sale in November 2024, a 23.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 77
0.0%
3 1518
+20.0%
4 24
+100.0%
5+ 10
-100.0%

Summary: The 01585 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01585, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 01585 in November 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for 01585, MA

How long does it take to sell a home in 01585, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days41 Days+4.4%

Summary: Homes in 01585 had an average of 41 days on market in Nov 2024, up by 4.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01585 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 01585; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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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