Is 01803, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01803 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 01803 has remained a Seller's Market.

Key Takeaway

01803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01803, MA

How much do homes in 01803, MA cost?

Median Sold Price

$825,000

$408/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+3.8%)

Key Takeaway

Homes in 01803 have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in 01803 was $825,000 in November 2024, up 3.8% from last year, and the median price per square foot was $408.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $295K$341.3K
+15.7%
2 $715K$650K
-9.1%
3 $717.5K$776K
+8.2%
4 $904K$885K
-2.1%
5+ $1.4M$1.2M
-14.1%

Summary: 01803 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 14.1%.

Median Sold Price Compared To Nearby Zip Codes

02420
+13.7%
01801
+12.6%
01821
+7.2%
01730
+5.0%
01803
+3.8%

Housing Supply in 01803, MA

How many homes are available in 01803, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4937-24.5%

Summary: The 01803 real estate market had 37 homes for sale in November 2024, a 24.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 34
+33.3%
3 1710
-41.2%
4 1913
-31.6%
5+ 109
-10.0%

Summary: The 01803 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 41.2%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
179-47.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01803, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 01803 in November 2024, down by 47.1% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 01803, MA

How long does it take to sell a home in 01803, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days24 Days-8.5%

Summary: Homes in 01803 had an average of 24 days on market in Nov 2024, down by 8.5% compared to last year.

Breakdown of Home Sale Times

6 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 01803 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 01803; 67% of homes were sold within 30 days, 33% 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 18 Days Ago

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