Is 02338, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02338 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 02338 has remained a Neutral Market.

Key Takeaway

02338 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 02338, MA

How much do homes in 02338, MA cost?

Median Sold Price

$509,500

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$69,500(+15.8%)

Key Takeaway

Homes in 02338 have sold for 15.8% more than they did a year ago.

Summary: The median home sold price in 02338 was $509,500 in October 2024, up 15.8% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $372K$270K
-27.4%
2 $338K$389.5K
+15.2%
3 $500K$517.5K
+3.5%
4 $607.5K$630K
+3.7%
5+ $572K$1.0M
+91.0%

Summary: 02338 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.4%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 91%.

Median Sold Price Compared To Nearby Zip Codes

02341
+19.6%
02338
+15.8%
02324
+7.4%
02359
+4.6%

Housing Supply in 02338, MA

How many homes are available in 02338, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1520+33.3%

Summary: The 02338 real estate market had 20 homes for sale in October 2024, a 33.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 511
+120.0%
3 64
-33.3%
4 43
-25.0%
5+ 01
+100.0%

Summary: The 02338 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 120%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02338, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 02338 in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 02338, MA

How long does it take to sell a home in 02338, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days14 Days-67.0%

Summary: Homes in 02338 had an average of 14 days on market in Oct 2024, down by 67% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02338 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 02338; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 02338, MA

Nearby Markets to 02338, MA