$10,000 Closing Credit*
$1,450,000
1,160 SqFt
2 Beds
•2 Full Baths
#73314683, Douglas Caves, Listing Office: Concept Properties
Is 02111, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 02111 was a Neutral Market.
Key Takeaway
02111 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 02111, MA
How much do homes in 02111, MA cost?
Median Sold Price
$1,130,500
$1,030/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$92,500(+8.9%)
Key Takeaway
Homes in 02111 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 02111 was $1,130,500 in October 2024, up 8.9% from last year, and the median price per square foot was $1,030.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $720K | $810K | +12.5% |
| 2 Bedrooms | $1.3M | $1.1M | -8.4% |
| 3 Bedrooms | $2.0M | $1.9M | -7.2% |
| 4 Bedrooms | $1.1M | $1.7M | +55.7% |
| 5+ Bedrooms | $1.4M | $3.9M | +174.8% |
Summary: 02111 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 55.7%, and 5+ bedroom homes increased by 174.8%.
Housing Supply in 02111, MA
How many homes are available in 02111, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 45 | +2.3% |
Summary: The 02111 real estate market had 45 homes for sale in October 2024, a 2.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 02111 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 02111, 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 02111 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 02111, MA
How long does it take to sell a home in 02111, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 78 Days | +104.7% |
Summary: Homes in 02111 had an average of 78 days on market in Oct 2024, up by 104.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02111 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 02111; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
