$8,194 Closing Credit*
$690,000
1,254 SqFt
2 Beds
•3 Full Baths
#73308999, Kelly Dimbat, Listing Office: Lamacchia Realty, Inc.
Is 02131, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 02131 has remained a Seller's Market.
Key Takeaway
02131 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02131, MA
How much do homes in 02131, MA cost?
Median Sold Price
$730,000
$467/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+7.4%)
Key Takeaway
Homes in 02131 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 02131 was $730,000 in October 2024, up 7.4% from last year, and the median price per square foot was $467.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $419.9K | +5.0% |
| 2 Bedrooms | $565K | $575K | +1.8% |
| 3 Bedrooms | $667.5K | $717.5K | +7.5% |
| 4 Bedrooms | $898.7K | $910K | +1.3% |
| 5+ Bedrooms | $983K | $963K | -2.0% |
Summary: 02131 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 2%.
Housing Supply in 02131, MA
How many homes are available in 02131, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 97 | +14.1% |
Summary: The 02131 real estate market had 97 homes for sale in October 2024, a 14.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 22 | 27 | +22.7% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The 02131 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 increased by 8%, 3 bedroom homes increased by 22.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02131, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 02131 in October 2024, up by 35.3% month-over-month. Of the 23 sold homes, 43% were sold under asking, 9% were sold at asking, and 48% were sold over asking.
Days on Market for 02131, MA
How long does it take to sell a home in 02131, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 34 Days | +106.7% |
Summary: Homes in 02131 had an average of 34 days on market in Oct 2024, up by 106.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02131 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in 02131; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
