$10,000 Closing Credit*
$1,029,000
3,990 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73313031, John Ross, Listing Office: Coldwell Banker Realty - Lexington
Is 01740, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 01740 was a Seller's Market.
Key Takeaway
01740 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 01740, MA
How much do homes in 01740, MA cost?
Median Sold Price
$949,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$125,500(+15.2%)
Key Takeaway
Homes in 01740 have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in 01740 was $949,000 in October 2024, up 15.2% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $330K | N/A |
| 2 Bedrooms | $640K | $660K | +3.1% |
| 3 Bedrooms | $651K | $795.5K | +22.2% |
| 4 Bedrooms | $920K | $1.1M | +19.6% |
| 5+ Bedrooms | $1.4M | $1.3M | -7.0% |
Summary: 01740 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Zip Codes
| 01523 | $495K | $600K | +21.2% |
| 01740 | $823.5K | $949K | +15.2% |
| 01451 | $882.5K | $985K | +11.6% |
| 01510 | $402.5K | $425K | +5.6% |
Housing Supply in 01740, MA
How many homes are available in 01740, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Summary: The 01740 real estate market had 28 homes for sale in October 2024, a 55.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The 01740 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 01740, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 01740 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 01740, MA
How long does it take to sell a home in 01740, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 37 Days | +54.2% |
Summary: Homes in 01740 had an average of 37 days on market in Oct 2024, up by 54.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 01740 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 01740; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
