Is 01905, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 01905 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 01905 has remained a Seller's Market.

Key Takeaway

01905 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 01905, MA

How much do homes in 01905, MA cost?

Median Sold Price

$580,000

$356/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+9.4%)

Key Takeaway

Homes in 01905 have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in 01905 was $580,000 in October 2024, up 9.4% from last year, and the median price per square foot was $356.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$333.3K
N/A
2 $400K$416K
+4.0%
3 $511.5K$560K
+9.5%
4 $600K$625K
+4.2%
5+ $760K$825K
+8.6%

Summary: 01905 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Zip Codes

01905
+9.4%
01902
+7.0%
01904
+6.2%
01906
+4.2%

Housing Supply in 01905, MA

How many homes are available in 01905, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3943+10.3%

Summary: The 01905 real estate market had 43 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 812
+50.0%
3 2222
0.0%
4 37
+133.3%
5+ 51
-80.0%

Summary: The 01905 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes decreased by 80%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
109-10.0%

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 01905, 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 01905 in October 2024, down by 10.0% 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 01905, MA

How long does it take to sell a home in 01905, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days21 Days+27.9%

Summary: Homes in 01905 had an average of 21 days on market in Oct 2024, up by 27.9% 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 01905 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 01905; 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 16 Days Ago

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