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 21 Days Ago

Newest Listings in 02150, MA

Nearby Markets to 02150, MA