Is 01862, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01862 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 01862 has remained a Seller's Market.

Key Takeaway

01862 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01862, MA

How much do homes in 01862, MA cost?

Median Sold Price

$662,500

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,000(+1.4%)

Key Takeaway

Homes in 01862 have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in 01862 was $662,500 in November 2024, up 1.4% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $495K$552.5K
+11.6%
3 $642.5K$605K
-5.8%
4 $725K$742K
+2.3%
5+ $722K$750K
+3.9%

Summary: 01862 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Zip Codes

01824
+16.7%
01852
+12.8%
01821
+7.2%
01876
+6.4%
01862
+1.4%

Housing Supply in 01862, MA

How many homes are available in 01862, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2418-25.0%

Summary: The 01862 real estate market had 18 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 119
-18.2%
4 63
-50.0%
5+ 44
0.0%

Summary: The 01862 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01862, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 01862 in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.

Days on Market for 01862, MA

How long does it take to sell a home in 01862, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days27 Days-33.4%

Summary: Homes in 01862 had an average of 27 days on market in Nov 2024, down by 33.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 01862 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 01862; 86% of homes were sold within 30 days, 14% 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 21 Days Ago

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