Is 02121, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02121 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 02121 has remained a Buyer's Market.

Key Takeaway

02121 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 02121, MA

How much do homes in 02121, MA cost?

Median Sold Price

$815,000

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$115,000(+16.4%)

Key Takeaway

Homes in 02121 have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in 02121 was $815,000 in October 2024, up 16.4% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $560K$200K
-64.3%
2 $508K$375K
-26.2%
3 $535K$650K
+21.5%
4 $722.5K$750K
+3.8%
5+ $827.5K$1.0M
+23.3%

Summary: 02121 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.3%, 2 bedroom homes decreased by 26.2%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 23.3%.

Median Sold Price Compared To Nearby Zip Codes

02121
+16.4%
02122
+6.6%
02125
+3.5%
02124
-1.9%

Housing Supply in 02121, MA

How many homes are available in 02121, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3637+2.8%

Summary: The 02121 real estate market had 37 homes for sale in October 2024, a 2.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 66
0.0%
3 32
-33.3%
4 34
+33.3%
5+ 2425
+4.2%

Summary: The 02121 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 4.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02121, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 02121 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 02121, MA

How long does it take to sell a home in 02121, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days72 Days+39.1%

Summary: Homes in 02121 had an average of 72 days on market in Oct 2024, up by 39.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02121 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 02121; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 4 Days Ago

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