Is 01886, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01886 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 01886 has remained a Seller's Market.

Key Takeaway

01886 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01886, MA

How much do homes in 01886, MA cost?

Median Sold Price

$772,500

$364/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$57,500(+8.0%)

Key Takeaway

Homes in 01886 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 01886 was $772,500 in November 2024, up 8% from last year, and the median price per square foot was $364.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $484.2K$400K
-17.4%
2 $465K$520K
+11.8%
3 $631.2K$720K
+14.1%
4 $1.0M$1.0M
+6.3%
5+ $1.2M$1.1M
-8.6%

Summary: 01886 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 8.6%.

Median Sold Price Compared To Nearby Zip Codes

01824
+16.7%
01460
+12.6%
01879
+11.2%
01886
+8.0%
01863
+2.6%

Housing Supply in 01886, MA

How many homes are available in 01886, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6049-18.3%

Summary: The 01886 real estate market had 49 homes for sale in November 2024, a 18.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1819
+5.6%
3 1311
-15.4%
4 2414
-41.7%
5+ 55
0.0%

Summary: The 01886 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 increased by 5.6%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
219-57.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 01886, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 01886 in November 2024, down by 57.1% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.

Days on Market for 01886, MA

How long does it take to sell a home in 01886, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days18 Days-42.4%

Summary: Homes in 01886 had an average of 18 days on market in Nov 2024, down by 42.4% compared to last year.

Breakdown of Home Sale Times

8 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 01886 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 01886; 89% of homes were sold within 30 days, 11% 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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