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 October 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

$504,666

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,666(+6.2%)

Key Takeaway

Homes in 02301 have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in 02301 was $504,666 in October 2024, up 6.2% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $215K$236K
+9.8%
2 $310K$300K
-3.2%
3 $459.9K$480K
+4.4%
4 $535K$557.5K
+4.2%
5+ $673.5K$725K
+7.6%

Summary: 02301 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 7.6%.

Median Sold Price Compared To Nearby Zip Codes

02322
+9.5%
02302
+9.0%
02379
+7.6%
02301
+6.2%
02356
+4.9%

Housing Supply in 02301, MA

How many homes are available in 02301, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
155154-0.6%

Summary: The 02301 real estate market had 154 homes for sale in October 2024, a 0.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 711
+57.1%
2 3132
+3.2%
3 6363
0.0%
4 2721
-22.2%
5+ 2727
0.0%

Summary: The 02301 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 3.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
39390.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

24 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. 61.5% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in 02301 in October 2024, the same as the previous month. Of the 39 sold homes, 28% were sold under asking, 10% were sold at asking, and 62% 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

Oct 2023Oct 2024CHANGE
30 Days33 Days+12.4%

Summary: Homes in 02301 had an average of 33 days on market in Oct 2024, up by 12.4% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

13 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 October 2024, 39 homes were sold in 02301; 62% of homes were sold within 30 days, 33% 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 4 Days Ago

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