Is 02124, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02124 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02124 has remained a Seller's Market.

Key Takeaway

02124 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02124, MA

How much do homes in 02124, MA cost?

Median Sold Price

$681,500

$420/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$13,500(-1.9%)

Key Takeaway

Homes in 02124 have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in 02124 was $681,500 in October 2024, down 1.9% from last year, and the median price per square foot was $420.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $470K$454.1K
-3.4%
2 $547.5K$540K
-1.4%
3 $570K$600K
+5.3%
4 $780K$843K
+8.1%
5+ $925K$1.0M
+12.9%

Summary: 02124 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Zip Codes

02121
+16.4%
02122
+6.6%
02130
+4.7%
02124
-1.9%
02126
-6.7%

Housing Supply in 02124, MA

How many homes are available in 02124, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7390+23.3%

Summary: The 02124 real estate market had 90 homes for sale in October 2024, a 23.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 1725
+47.1%
3 1920
+5.3%
4 46
+50.0%
5+ 2833
+17.9%

Summary: The 02124 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 47.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 17.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2216-27.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02124, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 02124 in October 2024, down by 27.3% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 02124, MA

How long does it take to sell a home in 02124, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days29 Days-22.2%

Summary: Homes in 02124 had an average of 29 days on market in Oct 2024, down by 22.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02124 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 02124; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% 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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