$10,000 Closing Credit*
$1,275,000
1,965 SqFt
5 Beds
•3 Full Baths
#73314846, Michael Moran, Listing Office: Gibson Sotheby's International Realty
Is 02127, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 02127 was a Seller's Market.
Key Takeaway
02127 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 02127, MA
How much do homes in 02127, MA cost?
Median Sold Price
$900,000
$772/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$99,833(+12.5%)
Key Takeaway
Homes in 02127 have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in 02127 was $900,000 in October 2024, up 12.5% from last year, and the median price per square foot was $772.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $544.5K | $578.7K | +6.3% |
| 2 Bedrooms | $780K | $860K | +10.3% |
| 3 Bedrooms | $965K | $1.1M | +19.2% |
| 4 Bedrooms | $1.3M | $1.2M | -7.5% |
| 5+ Bedrooms | $1.6M | $1.8M | +12.5% |
Summary: 02127 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 19.2%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 12.5%.
Housing Supply in 02127, MA
How many homes are available in 02127, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 194 | 194 | 0.0% |
Summary: The 02127 real estate market had 194 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 18 | -14.3% |
| 2 Bedrooms | 94 | 98 | +4.3% |
| 3 Bedrooms | 43 | 41 | -4.7% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The 02127 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 27 | -32.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02127, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 02127 in October 2024, down by 32.5% month-over-month. Of the 27 sold homes, 59% were sold under asking, 11% were sold at asking, and 30% were sold over asking.
Days on Market for 02127, MA
How long does it take to sell a home in 02127, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 32 Days | -14.1% |
Summary: Homes in 02127 had an average of 32 days on market in Oct 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02127 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in 02127; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
