Is 02445, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02445 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 02445 was a Neutral Market.

Key Takeaway

02445 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02445, MA

How much do homes in 02445, MA cost?

Median Sold Price

$1,035,000

$734/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$186,500(-15.3%)

Key Takeaway

Homes in 02445 have sold for 15.3% less than they did a year ago.

Summary: The median home sold price in 02445 was $1,035,000 in October 2024, down 15.3% from last year, and the median price per square foot was $734.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $505.5K$558K
+10.4%
2 $849K$813K
-4.2%
3 $1.1M$1.3M
+10.1%
4 $1.9M$1.7M
-13.6%
5+ $3.0M$2.6M
-11.8%

Summary: 02445 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 11.8%.

Median Sold Price Compared To Nearby Zip Codes

02446
+4.7%
02130
+4.7%
02467
+1.3%
02445
-15.3%
02135
-22.4%

Housing Supply in 02445, MA

How many homes are available in 02445, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8794+8.0%

Summary: The 02445 real estate market had 94 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1112
+9.1%
2 1515
0.0%
3 2526
+4.0%
4 811
+37.5%
5+ 2830
+7.1%

Summary: The 02445 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
16160.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02445, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 02445 in October 2024, the same as the previous month. Of the 16 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 02445, MA

How long does it take to sell a home in 02445, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days63 Days+80.2%

Summary: Homes in 02445 had an average of 63 days on market in Oct 2024, up by 80.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02445 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 02445; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 25% 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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