Is 02191, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02191 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02191 has remained a Seller's Market.

Key Takeaway

02191 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02191, MA

How much do homes in 02191, MA cost?

Median Sold Price

$562,500

$408/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,500(+6.1%)

Key Takeaway

Homes in 02191 have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in 02191 was $562,500 in October 2024, up 6.1% from last year, and the median price per square foot was $408.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $295K$326K
+10.5%
2 $460K$487.5K
+6.0%
3 $557.7K$625K
+12.1%
4 $655K$620K
-5.3%
5+ $740K$750K
+1.4%

Summary: 02191 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Zip Codes

02043
+10.5%
02169
+8.2%
02189
+8.1%
02191
+6.1%
02184
+4.6%

Housing Supply in 02191, MA

How many homes are available in 02191, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3138+22.6%

Summary: The 02191 real estate market had 38 homes for sale in October 2024, a 22.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 910
+11.1%
3 1113
+18.2%
4 910
+11.1%
5+ 02
+100.0%

Summary: The 02191 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02191, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 02191 in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.

Days on Market for 02191, MA

How long does it take to sell a home in 02191, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days32 Days+101.1%

Summary: Homes in 02191 had an average of 32 days on market in Oct 2024, up by 101.1% compared to last year.

Breakdown of Home Sale Times

5 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 02191 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 02191; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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 16 Days Ago

Newest Listings in 02191, MA

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