Is 02171, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02171 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02171 has remained a Seller's Market.

Key Takeaway

02171 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02171, MA

How much do homes in 02171, MA cost?

Median Sold Price

$655,000

$493/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,750(+2.9%)

Key Takeaway

Homes in 02171 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 02171 was $655,000 in October 2024, up 2.9% from last year, and the median price per square foot was $493.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $314K$350.4K
+11.6%
2 $600K$615K
+2.5%
3 $677.5K$707.5K
+4.4%
4 $850K$852.7K
0.3%
5+ $975K$1.3M
+40.3%

Summary: 02171 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 40.3%.

Median Sold Price Compared To Nearby Zip Codes

02152
+12.9%
02170
+7.1%
02122
+6.6%
02171
+2.9%

Housing Supply in 02171, MA

How many homes are available in 02171, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5660+7.1%

Summary: The 02171 real estate market had 60 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 96
-33.3%
2 1523
+53.3%
3 1617
+6.3%
4 1312
-7.7%
5+ 32
-33.3%

Summary: The 02171 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 53.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1317+30.8%

Asking Price vs. Sold Price

11 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 02171, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 02171 in October 2024, up by 30.8% month-over-month. Of the 17 sold homes, 65% were sold under asking, 6% were sold at asking, and 29% were sold over asking.

Days on Market for 02171, MA

How long does it take to sell a home in 02171, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days27 Days+44.5%

Summary: Homes in 02171 had an average of 27 days on market in Oct 2024, up by 44.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02171 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 02171; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% 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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