Is 02451, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02451 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02451 has remained a Seller's Market.

Key Takeaway

02451 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02451, MA

How much do homes in 02451, MA cost?

Median Sold Price

$735,000

$442/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$12,500(-1.7%)

Key Takeaway

Homes in 02451 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 02451 was $735,000 in October 2024, down 1.7% from last year, and the median price per square foot was $442.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $475K$296K
-37.7%
2 $537K$582K
+8.4%
3 $700K$765K
+9.3%
4 $880K$1.1M
+27.8%
5+ $1.0M$1.2M
+16.5%

Summary: 02451 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.7%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 16.5%.

Median Sold Price Compared To Nearby Zip Codes

02453
+4.5%
02452
+3.4%
02493
0.0%
02421
-0.5%
02451
-1.7%

Housing Supply in 02451, MA

How many homes are available in 02451, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4041+2.5%

Summary: The 02451 real estate market had 41 homes for sale in October 2024, a 2.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 31
-66.7%
2 1110
-9.1%
3 1717
0.0%
4 79
+28.6%
5+ 24
+100.0%

Summary: The 02451 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
915+66.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02451, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 02451 in October 2024, up by 66.7% month-over-month. Of the 15 sold homes, 53% were sold under asking, 0% were sold at asking, and 47% were sold over asking.

Days on Market for 02451, MA

How long does it take to sell a home in 02451, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days29 Days+46.0%

Summary: Homes in 02451 had an average of 29 days on market in Oct 2024, up by 46% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02451 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 02451; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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 21 Days Ago

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