Is 02062, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02062 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 02062 has remained a Seller's Market.

Key Takeaway

02062 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02062, MA

How much do homes in 02062, MA cost?

Median Sold Price

$660,750

$398/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$35,750(+5.7%)

Key Takeaway

Homes in 02062 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 02062 was $660,750 in December 2024, up 5.7% from last year, and the median price per square foot was $398.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $257.5K$301K
+16.9%
2 $485K$515K
+6.2%
3 $620K$681K
+9.8%
4 $725K$786K
+8.4%
5+ $920K$1.0M
+8.8%

Summary: 02062 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Zip Codes

02032
+15.3%
02062
+5.7%
02090
+2.8%
02081
+2.4%
02021
-0.1%

Housing Supply in 02062, MA

How many homes are available in 02062, MA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5844-24.1%

Summary: The 02062 real estate market had 44 homes for sale in December 2024, a 24.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 12
+100.0%
2 108
-20.0%
3 2616
-38.5%
4 1613
-18.8%
5+ 55
0.0%

Summary: The 02062 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1916-15.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer50%25%25%

Key Takeaway

If you're buying a home in 02062, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 02062 in December 2024, down by 15.8% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 02062, MA

How long does it take to sell a home in 02062, MA?

Average Sale Time

Dec 2023Dec 2024CHANGE
28 Days20 Days-28.0%

Summary: Homes in 02062 had an average of 20 days on market in Dec 2024, down by 28% compared to last year.

Breakdown of Home Sale Times

13 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 Times81%19%

Key Takeaway

Many homes in 02062 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 16 homes were sold in 02062; 81% of homes were sold within 30 days, 19% 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 11 Days Ago

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