Is 01603, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01603 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 01603 has remained a Seller's Market.

Key Takeaway

01603 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01603, MA

How much do homes in 01603, MA cost?

Median Sold Price

$400,000

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,000(+3.9%)

Key Takeaway

Homes in 01603 have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in 01603 was $400,000 in December 2024, up 3.9% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $230K$223.5K
-2.8%
2 $285K$320K
+12.3%
3 $365K$398.5K
+9.2%
4 $405K$485K
+19.8%
5+ $620K$680K
+9.7%

Summary: 01603 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Zip Codes

01602
+7.8%
01610
+7.3%
01603
+3.9%
01501
+1.3%

Housing Supply in 01603, MA

How many homes are available in 01603, MA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5243-17.3%

Summary: The 01603 real estate market had 43 homes for sale in December 2024, a 17.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 77
0.0%
3 1713
-23.5%
4 97
-22.2%
5+ 1714
-17.6%

Summary: The 01603 housing inventory by bedroom type for December 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 23.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 17.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1714-17.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01603, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 01603 in December 2024, down by 17.6% month-over-month. Of the 14 sold homes, 50% were sold under asking, 7% were sold at asking, and 43% were sold over asking.

Days on Market for 01603, MA

How long does it take to sell a home in 01603, MA?

Average Sale Time

Dec 2023Dec 2024CHANGE
26 Days25 Days-2.7%

Summary: Homes in 01603 had an average of 25 days on market in Dec 2024, down by 2.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01603 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 14 homes were sold in 01603; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

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