Is 01606, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01606 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 01606 has remained a Seller's Market.

Key Takeaway

01606 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01606, MA

How much do homes in 01606, MA cost?

Median Sold Price

$435,000

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+4.8%)

Key Takeaway

Homes in 01606 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 01606 was $435,000 in November 2024, up 4.8% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $365K$258K
-29.3%
2 $370K$357.5K
-3.4%
3 $420K$435K
+3.6%
4 $435K$485K
+11.5%
5+ $600.5K$630K
+4.9%

Summary: 01606 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.3%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Zip Codes

01583
+9.7%
01545
+8.8%
01605
+5.9%
01520
+5.1%
01606
+4.8%

Housing Supply in 01606, MA

How many homes are available in 01606, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7345-38.4%

Summary: The 01606 real estate market had 45 homes for sale in November 2024, a 38.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1310
-23.1%
3 3518
-48.6%
4 1713
-23.5%
5+ 84
-50.0%

Summary: The 01606 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 23.1%, 3 bedroom homes decreased by 48.6%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3412-64.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01606, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 01606 in November 2024, down by 64.7% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.

Days on Market for 01606, MA

How long does it take to sell a home in 01606, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days29 Days+22.1%

Summary: Homes in 01606 had an average of 29 days on market in Nov 2024, up by 22.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01606 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in 01606; 75% of homes were sold within 30 days, 25% 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 17 Days Ago

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