$10,000 Closing Credit*
$985,000
1,840 SqFt
5 Beds
•2 Full Baths, 1 Partial
#73320018, John Saint Germain, Listing Office: Real Broker MA, LLC
Is 02131, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$735,000
$467/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,000(+6.1%)
Key Takeaway
Homes in 02131 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 02131 was $735,000 in November 2024, up 6.1% from last year, and the median price per square foot was $467.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $465K | +31.0% |
| 2 Bedrooms | $565K | $575K | +1.8% |
| 3 Bedrooms | $689K | $716.2K | +4.0% |
| 4 Bedrooms | $952K | $905K | -4.9% |
| 5+ Bedrooms | $990K | $963K | -2.7% |
Summary: 02131 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in 02131, MA
How many homes are available in 02131, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 66 | -28.3% |
Summary: The 02131 real estate market had 66 homes for sale in November 2024, a 28.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 23 | 17 | -26.1% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 20 | 10 | -50.0% |
| 5+ Bedrooms | 19 | 12 | -36.8% |
Summary: The 02131 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 26.1%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 36.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02131, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 02131 in November 2024, down by 14.8% month-over-month. Of the 23 sold homes, 39% were sold under asking, 17% were sold at asking, and 43% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 32 Days | -8.2% |
Summary: Homes in 02131 had an average of 32 days on market in Nov 2024, down by 8.2% 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 November 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.
