Is 02021, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02021 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 02021 was a Seller's Market.

Key Takeaway

02021 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 02021, MA

How much do homes in 02021, MA cost?

Median Sold Price

$700,000

$392/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,500(+0.4%)

Key Takeaway

The sold price of homes in 02021 has remained the same since last year.

Summary: The median home sold price in 02021 was $700,000 in November 2024, up 0.4% from last year, and the median price per square foot was $392.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $280K$300K
+7.1%
2 $542.5K$560K
+3.2%
3 $630K$715K
+13.5%
4 $878.8K$896K
+2.0%
5+ $903.5K$1.1M
+24.8%

Summary: 02021 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 24.8%.

Median Sold Price Compared To Nearby Zip Codes

02072
+11.8%
02368
+9.5%
02062
+4.0%
02090
+2.9%
02021
0.4%

Housing Supply in 02021, MA

How many homes are available in 02021, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6551-21.5%

Summary: The 02021 real estate market had 51 homes for sale in November 2024, a 21.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 63
-50.0%
2 2319
-17.4%
3 1712
-29.4%
4 1212
0.0%
5+ 75
-28.6%

Summary: The 02021 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
258-68.0%

Asking Price vs. Sold Price

3 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 02021, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 02021 in November 2024, down by 68.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.

Days on Market for 02021, MA

How long does it take to sell a home in 02021, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days24 Days-46.4%

Summary: Homes in 02021 had an average of 24 days on market in Nov 2024, down by 46.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02021 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in 02021; 75% of homes were sold within 30 days, 25% 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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