Is 02368, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02368 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02368 has remained a Seller's Market.

Key Takeaway

02368 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02368, MA

How much do homes in 02368, MA cost?

Median Sold Price

$545,000

$330/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+9.0%)

Key Takeaway

Homes in 02368 have sold for 9% more than they did a year ago.

Summary: The median home sold price in 02368 was $545,000 in October 2024, up 9% from last year, and the median price per square foot was $330.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $220K$240K
+9.1%
2 $385K$391.2K
+1.6%
3 $500K$540K
+8.0%
4 $584.4K$670K
+14.6%
5+ $725K$787.4K
+8.6%

Summary: 02368 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Zip Codes

02343
+9.9%
02368
+9.0%
02186
+7.3%
02184
+4.6%
02021
+1.3%

Housing Supply in 02368, MA

How many homes are available in 02368, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7370-4.1%

Summary: The 02368 real estate market had 70 homes for sale in October 2024, a 4.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 1714
-17.6%
3 3230
-6.3%
4 1114
+27.3%
5+ 65
-16.7%

Summary: The 02368 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2419-20.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02368, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 02368 in October 2024, down by 20.8% month-over-month. Of the 19 sold homes, 26% were sold under asking, 11% were sold at asking, and 63% were sold over asking.

Days on Market for 02368, MA

How long does it take to sell a home in 02368, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days24 Days-15.9%

Summary: Homes in 02368 had an average of 24 days on market in Oct 2024, down by 15.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02368 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 02368; 68% of homes were sold within 30 days, 32% 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

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