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 20 Days Ago

Newest Listings in 02301, MA

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