$3,086 Closing Credit*
$259,900
942 SqFt
2 Beds
•2 Full Baths
#73305782, Sohrab Khan, Listing Office: MIG
Is 01607, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 01607 has remained a Seller's Market.
Key Takeaway
01607 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 01607, MA
How much do homes in 01607, MA cost?
Median Sold Price
$380,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+7.8%)
Key Takeaway
Homes in 01607 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 01607 was $380,000 in October 2024, up 7.8% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.7K | $209K | +31.7% |
| 2 Bedrooms | $230K | $245K | +6.5% |
| 3 Bedrooms | $405K | $392.5K | -3.1% |
| 4 Bedrooms | $357.5K | $460K | +28.7% |
| 5+ Bedrooms | $560K | $705.5K | +26.0% |
Summary: 01607 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes increased by 26%.
Housing Supply in 01607, MA
How many homes are available in 01607, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The 01607 real estate market had 28 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 01607 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01607, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 01607 in October 2024, up by 83.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.
Days on Market for 01607, MA
How long does it take to sell a home in 01607, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 40 Days | +199.9% |
Summary: Homes in 01607 had an average of 40 days on market in Oct 2024, up by 199.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 01607 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 01607; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
