Is 02356, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02356 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02356 has remained a Seller's Market.

Key Takeaway

02356 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02356, MA

How much do homes in 02356, MA cost?

Median Sold Price

$695,000

$321/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,500(+4.9%)

Key Takeaway

Homes in 02356 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 02356 was $695,000 in October 2024, up 4.9% from last year, and the median price per square foot was $321.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $328.9K$360K
+9.4%
2 $450K$438.7K
-2.5%
3 $620K$660K
+6.5%
4 $790K$850K
+7.6%
5+ $820K$1.4M
+82.9%

Summary: 02356 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 82.9%.

Median Sold Price Compared To Nearby Zip Codes

02375
+19.6%
02072
+11.0%
02301
+6.2%
02356
+4.9%

Housing Supply in 02356, MA

How many homes are available in 02356, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3436+5.9%

Summary: The 02356 real estate market had 36 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 20
-100.0%
2 35
+66.7%
3 1112
+9.1%
4 1314
+7.7%
5+ 55
0.0%

Summary: The 02356 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
310+233.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02356, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 02356 in October 2024, up by 233.3% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.

Days on Market for 02356, MA

How long does it take to sell a home in 02356, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days45 Days+14.1%

Summary: Homes in 02356 had an average of 45 days on market in Oct 2024, up by 14.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02356 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 02356; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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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