Is 02119, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02119 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 02119 has remained a Buyer's Market.

Key Takeaway

02119 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 02119, MA

How much do homes in 02119, MA cost?

Median Sold Price

$510,000

$409/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$190,000(-27.1%)

Key Takeaway

Homes in 02119 have sold for 27.1% less than they did a month ago.

Summary: The median home sold price in 02119 was $510,000 in November 2024, down 27.1% from last month, and the median price per square foot was $409.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $510K$395K
-22.5%
2 $1.1M-
N/A
3 -$545K
N/A
4 $700K-
N/A
5+ $925K-
N/A

Summary: 02119 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 22.5%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 02119, MA

How many homes are available in 02119, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4249+16.7%

Summary: The 02119 real estate market had 49 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 1112
+9.1%
3 1111
0.0%
4 22
0.0%
5+ 1420
+42.9%

Summary: The 02119 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02119, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 02119 in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 02119, MA

How long does it take to sell a home in 02119, MA?

Average Sale Time

Oct 2024Nov 2024CHANGE
43 Days56 Days+30.2%

Summary: Homes in 02119 had an average of 56 days on market in Nov 2024, up by 30.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02119 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 02119; 67% of homes were sold within 30 days, 0% 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 21 Days Ago

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