Is 01609, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01609 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 01609 has remained a Seller's Market.

Key Takeaway

01609 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01609, MA

How much do homes in 01609, MA cost?

Median Sold Price

$570,000

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,502(+9.1%)

Key Takeaway

Homes in 01609 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 01609 was $570,000 in November 2024, up 9.1% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $197.3K$235K
+19.1%
2 $250K$547.4K
+119.0%
3 $491K$557.5K
+13.5%
4 $546K$633K
+15.9%
5+ $680K$695K
+2.2%

Summary: 01609 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 119%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Zip Codes

01609
+9.1%
01602
+7.1%
01605
+5.9%
01610
+4.1%

Housing Supply in 01609, MA

How many homes are available in 01609, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4639-15.2%

Summary: The 01609 real estate market had 39 homes for sale in November 2024, a 15.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 66
0.0%
3 1513
-13.3%
4 66
0.0%
5+ 1713
-23.5%

Summary: The 01609 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

4 Homes Were 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 01609, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 01609 in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for 01609, MA

How long does it take to sell a home in 01609, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days46 Days+99.6%

Summary: Homes in 01609 had an average of 46 days on market in Nov 2024, up by 99.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01609 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 01609; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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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