Is 02109, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02109 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 02109 has remained a Seller's Market.

Key Takeaway

02109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02109, MA

How much do homes in 02109, MA cost?

Median Sold Price

$1,125,000

$967/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$38,000(-3.3%)

Key Takeaway

Homes in 02109 have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in 02109 was $1,125,000 in November 2024, down 3.3% from last year, and the median price per square foot was $967.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $820K$595K
-27.4%
2 $1.0M$1.2M
+9.8%
3 $2.0M$2.5M
+25.3%
4 $1.5M$2.1M
+40.5%
5+ $3.0M$1.8M
-37.0%

Summary: 02109 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.4%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 25.3%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes decreased by 37%.

Median Sold Price Compared To Nearby Zip Codes

02110
+11.4%
02109
-3.3%
02114
-9.2%

Housing Supply in 02109, MA

How many homes are available in 02109, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3321-36.4%

Summary: The 02109 real estate market had 21 homes for sale in November 2024, a 36.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 115
-54.5%
2 1712
-29.4%
3 22
0.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The 02109 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 54.5%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02109, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 02109 in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for 02109, MA

How long does it take to sell a home in 02109, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
75 Days23 Days-69.3%

Summary: Homes in 02109 had an average of 23 days on market in Nov 2024, down by 69.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02109 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 02109; 80% of homes were sold within 30 days, 20% 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

Newest Listings in 02109, MA

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