Is 02054, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02054 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02054 has remained a Seller's Market.

Key Takeaway

02054 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02054, MA

How much do homes in 02054, MA cost?

Median Sold Price

$732,450

$348/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,840(+4.5%)

Key Takeaway

Homes in 02054 have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in 02054 was $732,450 in October 2024, up 4.5% from last year, and the median price per square foot was $348.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $749.9K$826.8K
+10.3%
3 $609K$626K
+2.8%
4 $750K$860K
+14.7%
5+ $875K$769.9K
-12.0%

Summary: 02054 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 10.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 12%.

Median Sold Price Compared To Nearby Zip Codes

02052
+20.4%
02056
+12.7%
01770
+7.3%
02054
+4.5%
01746
+3.6%

Housing Supply in 02054, MA

How many homes are available in 02054, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3844+15.8%

Summary: The 02054 real estate market had 44 homes for sale in October 2024, a 15.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1215
+25.0%
3 1012
+20.0%
4 1314
+7.7%
5+ 33
0.0%

Summary: The 02054 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 25%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02054, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 02054 in October 2024, up by 83.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.

Days on Market for 02054, MA

How long does it take to sell a home in 02054, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
61 Days26 Days-57.5%

Summary: Homes in 02054 had an average of 26 days on market in Oct 2024, down by 57.5% compared to last year.

Breakdown of Home Sale Times

8 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 02054 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 02054; 73% of homes were sold within 30 days, 27% 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 14 Days Ago

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