$10,000 Closing Credit*
$935,000
1,141 SqFt
2 Beds
•2 Full Baths
#73312856, The Petrowsky Jones Group, Listing Office: Compass
Is 02138, 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, 02138 has remained a Neutral Market.
Key Takeaway
02138 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 02138, MA
How much do homes in 02138, MA cost?
Median Sold Price
$1,250,000
$867/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$250,000(-16.7%)
Key Takeaway
Homes in 02138 have sold for 16.7% less than they did a year ago.
Summary: The median home sold price in 02138 was $1,250,000 in October 2024, down 16.7% from last year, and the median price per square foot was $867.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $612.5K | $658K | +7.4% |
| 2 Bedrooms | $885K | $903K | +2.0% |
| 3 Bedrooms | $1.6M | $1.4M | -14.5% |
| 4 Bedrooms | $2.1M | $2.0M | -5.9% |
| 5+ Bedrooms | $2.5M | $2.3M | -6.8% |
Summary: 02138 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 6.8%.
Housing Supply in 02138, MA
How many homes are available in 02138, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 93 | +13.4% |
Summary: The 02138 real estate market had 93 homes for sale in October 2024, a 13.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The 02138 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02138, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 02138 in October 2024, up by 40.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for 02138, MA
How long does it take to sell a home in 02138, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +26.8% |
Summary: Homes in 02138 had an average of 30 days on market in Oct 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02138 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 02138; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
