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 November 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

$547,666

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,666(+9.5%)

Key Takeaway

Homes in 02368 have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in 02368 was $547,666 in November 2024, up 9.5% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $220K$240K
+9.1%
2 $400K$425K
+6.3%
3 $500K$540K
+8.0%
4 $575K$671.5K
+16.8%
5+ $725K$773.4K
+6.7%

Summary: 02368 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Zip Codes

02343
+10.5%
02368
+9.5%
02186
+6.7%
02184
+3.4%
02021
0.4%

Housing Supply in 02368, MA

How many homes are available in 02368, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7058-17.1%

Summary: The 02368 real estate market had 58 homes for sale in November 2024, a 17.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 55
0.0%
2 1310
-23.1%
3 3123
-25.8%
4 1513
-13.3%
5+ 67
+16.7%

Summary: The 02368 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 23.1%, 3 bedroom homes decreased by 25.8%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2111-47.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 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. 72.7% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in 02368 in November 2024, down by 47.6% month-over-month. Of the 11 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% 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

Nov 2023Nov 2024CHANGE
23 Days18 Days-21.7%

Summary: Homes in 02368 had an average of 18 days on market in Nov 2024, down by 21.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 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 November 2024, 11 homes were sold in 02368; 82% of homes were sold within 30 days, 18% 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 22 Days Ago

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