Is 02128, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02128 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 02128 was a Seller's Market.

Key Takeaway

02128 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 02128, MA

How much do homes in 02128, MA cost?

Median Sold Price

$707,900

$623/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,900(+6.5%)

Key Takeaway

Homes in 02128 have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in 02128 was $707,900 in October 2024, up 6.5% from last year, and the median price per square foot was $623.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $510K$529K
+3.7%
2 $620.5K$681.6K
+9.9%
3 $729K$750K
+2.9%
4 $805K$882.5K
+9.6%
5+ $1.0M$1.0M
+6.2%

Summary: 02128 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Zip Codes

02152
+12.9%
02150
+8.8%
02128
+6.5%
02151
+4.9%
02129
+1.7%

Housing Supply in 02128, MA

How many homes are available in 02128, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
142167+17.6%

Summary: The 02128 real estate market had 167 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2530
+20.0%
2 6383
+31.7%
3 2828
0.0%
4 65
-16.7%
5+ 2021
+5.0%

Summary: The 02128 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 31.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2425+4.2%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02128, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 02128 in October 2024, up by 4.2% month-over-month. Of the 25 sold homes, 56% were sold under asking, 24% were sold at asking, and 20% were sold over asking.

Days on Market for 02128, MA

How long does it take to sell a home in 02128, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days41 Days-7.9%

Summary: Homes in 02128 had an average of 41 days on market in Oct 2024, down by 7.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02128 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in 02128; 48% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 12% 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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