Is 02150, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02150 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 02150 was a Seller's Market.

Key Takeaway

02150 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 02150, MA

How much do homes in 02150, MA cost?

Median Sold Price

$570,000

$389/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$46,250(+8.8%)

Key Takeaway

Homes in 02150 have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in 02150 was $570,000 in October 2024, up 8.8% from last year, and the median price per square foot was $389.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $384.5K$355.9K
-7.4%
2 $440K$488K
+10.9%
3 $527.5K$627K
+18.9%
4 $685K$700K
+2.2%
5+ $860K$915K
+6.4%

Summary: 02150 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Zip Codes

02150
+8.8%
02128
+6.5%
02151
+4.9%
02149
0.4%

Housing Supply in 02150, MA

How many homes are available in 02150, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6469+7.8%

Summary: The 02150 real estate market had 69 homes for sale in October 2024, a 7.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1417
+21.4%
2 2018
-10.0%
3 1215
+25.0%
4 78
+14.3%
5+ 1111
0.0%

Summary: The 02150 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02150, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in 02150 in October 2024, down by 21.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.

Days on Market for 02150, MA

How long does it take to sell a home in 02150, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days36 Days+176.9%

Summary: Homes in 02150 had an average of 36 days on market in Oct 2024, up by 176.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02150 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 02150; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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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