Is 02122, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02122 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02122 has remained a Seller's Market.

Key Takeaway

02122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02122, MA

How much do homes in 02122, MA cost?

Median Sold Price

$690,000

$471/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,500(+6.6%)

Key Takeaway

Homes in 02122 have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in 02122 was $690,000 in October 2024, up 6.6% from last year, and the median price per square foot was $471.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $375K$330K
-12.0%
2 $542.9K$570K
+5.0%
3 $687.5K$708.5K
+3.1%
4 $710K$750K
+5.6%
5+ $975K$1.1M
+13.1%

Summary: 02122 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 13.1%.

Median Sold Price Compared To Nearby Zip Codes

02121
+16.4%
02122
+6.6%
02125
+3.5%
02171
+2.9%
02124
-1.9%

Housing Supply in 02122, MA

How many homes are available in 02122, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5355+3.8%

Summary: The 02122 real estate market had 55 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 1816
-11.1%
3 2425
+4.2%
4 01
+100.0%
5+ 910
+11.1%

Summary: The 02122 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1215+25.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02122, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 02122 in October 2024, up by 25.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for 02122, MA

How long does it take to sell a home in 02122, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days23 Days-33.3%

Summary: Homes in 02122 had an average of 23 days on market in Oct 2024, down by 33.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02122 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 02122; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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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