Is 01863, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01863 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 01863 has remained a Seller's Market.

Key Takeaway

01863 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01863, MA

How much do homes in 01863, MA cost?

Median Sold Price

$487,500

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,500(+2.6%)

Key Takeaway

Homes in 01863 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 01863 was $487,500 in November 2024, up 2.6% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K$630K
+200.0%
2 $440K$435K
-1.1%
3 $582.4K$572.5K
-1.7%
4 $670K$635K
-5.2%
5+ $752.5K$1.0M
+32.9%

Summary: 01863 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 32.9%.

Median Sold Price Compared To Nearby Zip Codes

01824
+16.7%
01879
+11.2%
01854
+6.8%
01863
+2.6%
01851
0.0%

Housing Supply in 01863, MA

How many homes are available in 01863, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2523-8.0%

Summary: The 01863 real estate market had 23 homes for sale in November 2024, a 8.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1510
-33.3%
3 99
0.0%
4 14
+300.0%
5+ 00
0.0%

Summary: The 01863 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 remained the same, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01863, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in 01863 in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for 01863, MA

How long does it take to sell a home in 01863, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days31 Days+52.7%

Summary: Homes in 01863 had an average of 31 days on market in Nov 2024, up by 52.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 01863 has remained consistent over time.

Summary: During November 2024, 6 homes were sold in 01863; 33% of homes were sold within 30 days, 67% 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 17 Days Ago

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