$10,000 Closing Credit*
$2,075,000
1,365 SqFt
2 Beds
•2 Full Baths
#73323067, Jae Wolcott, Listing Office: The Collaborative Companies
Is 02118, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 02118 has remained a Seller's Market.
Key Takeaway
02118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02118, MA
How much do homes in 02118, MA cost?
Median Sold Price
$1,322,799
$1,116/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$82,799(+6.7%)
Key Takeaway
Homes in 02118 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 02118 was $1,322,799 in December 2024, up 6.7% from last year, and the median price per square foot was $1,116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $775K | $770K | -0.6% |
| 2 Bedrooms | $1.2M | $1.2M | -1.8% |
| 3 Bedrooms | $2.1M | $2.3M | +6.2% |
| 4 Bedrooms | $2.7M | $3.1M | +15.8% |
| 5+ Bedrooms | $3.8M | $3.0M | -21.7% |
Summary: 02118 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 21.7%.
Housing Supply in 02118, MA
How many homes are available in 02118, MA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 98 | 82 | -16.3% |
Summary: The 02118 real estate market had 82 homes for sale in December 2024, a 16.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 15 | -11.8% |
| 2 Bedrooms | 40 | 32 | -20.0% |
| 3 Bedrooms | 27 | 21 | -22.2% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 02118 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02118, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 02118 in December 2024, the same as the previous month. Of the 20 sold homes, 70% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for 02118, MA
How long does it take to sell a home in 02118, MA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 38 Days | 65 Days | +71.5% |
Summary: Homes in 02118 had an average of 65 days on market in Dec 2024, up by 71.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 02118 has remained consistent over time.
Summary: During December 2024, 20 homes were sold in 02118; 10% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
