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 4 Days Ago

Newest Listings in 02338, MA

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