Is 01845, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01845 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 01845 has remained a Seller's Market.

Key Takeaway

01845 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01845, MA

How much do homes in 01845, MA cost?

Median Sold Price

$720,000

$342/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+2.9%)

Key Takeaway

Homes in 01845 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 01845 was $720,000 in November 2024, up 2.9% from last year, and the median price per square foot was $342.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $250K$256.4K
+2.6%
2 $430.5K$425K
-1.3%
3 $672.5K$648.2K
-3.6%
4 $932.5K$980K
+5.1%
5+ $1.1M$890K
-19.8%

Summary: 01845 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 19.8%.

Median Sold Price Compared To Nearby Zip Codes

01844
+9.5%
01841
+8.9%
01843
+6.7%
01810
+4.2%
01845
+2.9%

Housing Supply in 01845, MA

How many homes are available in 01845, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8252-36.6%

Summary: The 01845 real estate market had 52 homes for sale in November 2024, a 36.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 2214
-36.4%
3 1915
-21.1%
4 2712
-55.6%
5+ 119
-18.2%

Summary: The 01845 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3422-35.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01845, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 01845 in November 2024, down by 35.3% month-over-month. Of the 22 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.

Days on Market for 01845, MA

How long does it take to sell a home in 01845, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days34 Days+58.4%

Summary: Homes in 01845 had an average of 34 days on market in Nov 2024, up by 58.4% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01845 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 22 homes were sold in 01845; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% 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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