Is 02420, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02420 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 02420 has remained a Seller's Market.

Key Takeaway

02420 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02420, MA

How much do homes in 02420, MA cost?

Median Sold Price

$1,500,000

$556/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$70,000(+4.9%)

Key Takeaway

Homes in 02420 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 02420 was $1,500,000 in December 2024, up 4.9% from last year, and the median price per square foot was $556.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $344.4K$479.8K
+39.3%
2 $757.5K$702.5K
-7.3%
3 $1.0M$1.1M
+8.7%
4 $1.5M$1.4M
-5.5%
5+ $2.4M$2.5M
+2.0%

Summary: 02420 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.3%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Zip Codes

01890
+7.5%
01803
+5.0%
02420
+4.9%
02421
+2.6%
02476
+2.4%

Housing Supply in 02420, MA

How many homes are available in 02420, MA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2722-18.5%

Summary: The 02420 real estate market had 22 homes for sale in December 2024, a 18.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 54
-20.0%
4 86
-25.0%
5+ 1211
-8.3%

Summary: The 02420 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 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 02420, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 02420 in December 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 02420, MA

How long does it take to sell a home in 02420, MA?

Average Sale Time

Dec 2023Dec 2024CHANGE
66 Days24 Days-63.7%

Summary: Homes in 02420 had an average of 24 days on market in Dec 2024, down by 63.7% compared to last year.

Breakdown of Home Sale Times

4 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 02420 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in 02420; 67% of homes were sold within 30 days, 33% 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 2 Days Ago

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