Is 02301, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02301 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 02301 has remained a Seller's Market.

Key Takeaway

02301 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02301, MA

How much do homes in 02301, MA cost?

Median Sold Price

$503,750

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,750(+4.9%)

Key Takeaway

Homes in 02301 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 02301 was $503,750 in November 2024, up 4.9% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $215K$240K
+11.6%
2 $312.5K$300K
-4.0%
3 $458.7K$483K
+5.3%
4 $535.5K$560K
+4.6%
5+ $679.9K$725K
+6.6%

Summary: 02301 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Zip Codes

02379
+13.4%
02322
+12.1%
02302
+8.4%
02356
+5.2%
02301
+4.9%

Housing Supply in 02301, MA

How many homes are available in 02301, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
160136-15.0%

Summary: The 02301 real estate market had 136 homes for sale in November 2024, a 15.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1211
-8.3%
2 3426
-23.5%
3 6457
-10.9%
4 2321
-8.7%
5+ 2721
-22.2%

Summary: The 02301 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4638-17.4%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02301, you could pay more than the asking price. 55.3% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in 02301 in November 2024, down by 17.4% month-over-month. Of the 38 sold homes, 37% were sold under asking, 8% were sold at asking, and 55% were sold over asking.

Days on Market for 02301, MA

How long does it take to sell a home in 02301, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days33 Days+36.5%

Summary: Homes in 02301 had an average of 33 days on market in Nov 2024, up by 36.5% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02301 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 38 homes were sold in 02301; 58% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 5% 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 02301, MA

Nearby Markets to 02301, MA