Is 02142, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02142 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 02142 was a Seller's Market.

Key Takeaway

02142 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 02142, MA

How much do homes in 02142, MA cost?

Median Sold Price

$920,000

$915/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$730,000(-44.2%)

Key Takeaway

Homes in 02142 have sold for 44.2% less than they did a year ago.

Summary: The median home sold price in 02142 was $920,000 in October 2024, down 44.2% from last year, and the median price per square foot was $915.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $835K$807.5K
-3.3%
2 $2.1M$1.0M
-50.6%
3 $3.0M$3.3M
+10.0%
4 --
N/A
5+ $1.8M$1.1M
-39.2%

Summary: 02142 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 50.6%, 3 bedroom homes increased by 10%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 39.2%.

Median Sold Price Compared To Nearby Zip Codes

02139
+27.7%
02141
+12.7%
02116
+2.6%
02114
-10.1%
02142
-44.2%

Housing Supply in 02142, MA

How many homes are available in 02142, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1114+27.3%

Summary: The 02142 real estate market had 14 homes for sale in October 2024, a 27.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 36
+100.0%
3 11
0.0%
4 00
0.0%
5+ 22
0.0%

Summary: The 02142 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02142, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 02142 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 02142, MA

How long does it take to sell a home in 02142, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days24 Days+56.5%

Summary: Homes in 02142 had an average of 24 days on market in Oct 2024, up by 56.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02142 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 02142; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in 02142, MA

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