$4,749 Closing Credit*
$399,900
228 SqFt
Studio
•1 Full Bath
#73320459, The Bill Butler Group, Listing Office: Leading Edge Real Estate
Is 02114, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 02114 was a Seller's Market.
Key Takeaway
02114 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 02114, MA
How much do homes in 02114, MA cost?
Median Sold Price
$817,500
$1,081/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$82,500(-9.2%)
Key Takeaway
Homes in 02114 have sold for 9.2% less than they did a year ago.
Summary: The median home sold price in 02114 was $817,500 in November 2024, down 9.2% from last year, and the median price per square foot was $1,081.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $629.9K | $588.5K | -6.6% |
| 2 Bedrooms | $1.0M | $985K | -2.7% |
| 3 Bedrooms | $2.1M | $2.4M | +14.7% |
| 4 Bedrooms | $2.9M | $3.5M | +18.9% |
| 5+ Bedrooms | $4.3M | $4.4M | +0.7% |
Summary: 02114 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Zip Codes
| 02108 | $1.6M | $1.9M | +18.5% |
| 02114 | $900K | $817.5K | -9.2% |
Housing Supply in 02114, MA
How many homes are available in 02114, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 70 | +1.4% |
Summary: The 02114 real estate market had 70 homes for sale in November 2024, a 1.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 25 | -10.7% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 02114 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02114, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 02114 in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for 02114, MA
How long does it take to sell a home in 02114, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 47 Days | -17.3% |
Summary: Homes in 02114 had an average of 47 days on market in Nov 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02114 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 02114; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
