Is 02145, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02145 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02145 has remained a Seller's Market.

Key Takeaway

02145 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02145, MA

How much do homes in 02145, MA cost?

Median Sold Price

$937,500

$557/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$85,000(+10.0%)

Key Takeaway

Homes in 02145 have sold for 10% more than they did a year ago.

Summary: The median home sold price in 02145 was $937,500 in October 2024, up 10% from last year, and the median price per square foot was $557.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $528.7K$496.5K
-6.1%
2 $721K$662.6K
-8.1%
3 $935K$925K
-1.1%
4 $895K$1.0M
+20.1%
5+ $1.1M$1.2M
+2.2%

Summary: 02145 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Zip Codes

02143
+23.7%
02144
+10.9%
02155
+10.7%
02145
+10.0%
02129
+1.7%

Housing Supply in 02145, MA

How many homes are available in 02145, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6869+1.5%

Summary: The 02145 real estate market had 69 homes for sale in October 2024, a 1.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 53
-40.0%
2 1517
+13.3%
3 1922
+15.8%
4 117
-36.4%
5+ 1820
+11.1%

Summary: The 02145 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1514-6.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02145, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 02145 in October 2024, down by 6.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 7% were sold at asking, and 36% were sold over asking.

Days on Market for 02145, MA

How long does it take to sell a home in 02145, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days47 Days+2.6%

Summary: Homes in 02145 had an average of 47 days on market in Oct 2024, up by 2.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02145 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 02145; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% 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 4 Days Ago

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