Is 02108, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02108 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 02108 has remained a Seller's Market.

Key Takeaway

02108 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02108, MA

How much do homes in 02108, MA cost?

Median Sold Price

$1,630,000

$1,246/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$131,000(-7.4%)

Key Takeaway

Homes in 02108 have sold for 7.4% less than they did a year ago.

Summary: The median home sold price in 02108 was $1,630,000 in December 2024, down 7.4% from last year, and the median price per square foot was $1,246.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $717.5K$740.5K
+3.2%
2 $2.0M$1.4M
-26.0%
3 $3.4M$3.6M
+7.2%
4 $6.7M$3.6M
-46.7%
5+ $6.8M$5.9M
-13.1%

Summary: 02108 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 26%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 46.7%, and 5+ bedroom homes decreased by 13.1%.

Median Sold Price Compared To Nearby Zip Codes

02111
+12.6%
02114
-1.9%
02108
-7.4%

Housing Supply in 02108, MA

How many homes are available in 02108, MA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3733-10.8%

Summary: The 02108 real estate market had 33 homes for sale in December 2024, a 10.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 55
0.0%
2 1411
-21.4%
3 99
0.0%
4 34
+33.3%
5+ 64
-33.3%

Summary: The 02108 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02108, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 02108 in December 2024, up by 100.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 02108, MA

How long does it take to sell a home in 02108, MA?

Average Sale Time

Dec 2023Dec 2024CHANGE
65 Days93 Days+43.3%

Summary: Homes in 02108 had an average of 93 days on market in Dec 2024, up by 43.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02108 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in 02108; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

Newest Listings in 02108, MA

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