Is 02472, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02472 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02472 has remained a Seller's Market.

Key Takeaway

02472 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02472, MA

How much do homes in 02472, MA cost?

Median Sold Price

$842,000

$529/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+1.2%)

Key Takeaway

Homes in 02472 have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in 02472 was $842,000 in October 2024, up 1.2% from last year, and the median price per square foot was $529.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $417K$480.2K
+15.2%
2 $525K$630K
+20.0%
3 $833.7K$857.4K
+2.8%
4 $1.0M$1.0M
-8.3%
5+ $1.1M$1.2M
+6.2%

Summary: 02472 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Zip Codes

02478
+10.9%
02458
+8.2%
02472
+1.2%
02460
0.2%
02135
-22.4%

Housing Supply in 02472, MA

How many homes are available in 02472, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
82106+29.3%

Summary: The 02472 real estate market had 106 homes for sale in October 2024, a 29.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 64
-33.3%
2 1928
+47.4%
3 2638
+46.2%
4 2021
+5.0%
5+ 1115
+36.4%

Summary: The 02472 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 47.4%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 36.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1526+73.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02472, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in 02472 in October 2024, up by 73.3% month-over-month. Of the 26 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.

Days on Market for 02472, MA

How long does it take to sell a home in 02472, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days25 Days+32.5%

Summary: Homes in 02472 had an average of 25 days on market in Oct 2024, up by 32.5% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02472 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 26 homes were sold in 02472; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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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