Is 02346, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02346 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 02346 has remained a Seller's Market.

Key Takeaway

02346 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02346, MA

How much do homes in 02346, MA cost?

Median Sold Price

$520,000

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,550(+4.5%)

Key Takeaway

Homes in 02346 have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in 02346 was $520,000 in November 2024, up 4.5% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$250K
N/A
2 $372.5K$396.7K
+6.5%
3 $500K$525K
+5.0%
4 $610.5K$595K
-2.5%
5+ $560K$575K
+2.7%

Summary: 02346 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

02347
+10.4%
02367
+9.3%
02718
+5.5%
02324
+5.5%
02346
+4.5%

Housing Supply in 02346, MA

How many homes are available in 02346, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7162-12.7%

Summary: The 02346 real estate market had 62 homes for sale in November 2024, a 12.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1412
-14.3%
3 3330
-9.1%
4 1814
-22.2%
5+ 55
0.0%

Summary: The 02346 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1619+18.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02346, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 02346 in November 2024, up by 18.8% month-over-month. Of the 19 sold homes, 47% were sold under asking, 16% were sold at asking, and 37% were sold over asking.

Days on Market for 02346, MA

How long does it take to sell a home in 02346, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days38 Days+79.6%

Summary: Homes in 02346 had an average of 38 days on market in Nov 2024, up by 79.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02346 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in 02346; 53% of homes were sold within 30 days, 42% 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 10 Days Ago

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