Is 02474, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02474 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 02474 has remained a Seller's Market.

Key Takeaway

02474 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02474, MA

How much do homes in 02474, MA cost?

Median Sold Price

$1,005,000

$573/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$3,000(+0.3%)

Key Takeaway

The sold price of homes in 02474 has remained the same since last year.

Summary: The median home sold price in 02474 was $1,005,000 in December 2024, up 0.3% from last year, and the median price per square foot was $573.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $395K$377.5K
-4.4%
2 $670K$716K
+6.9%
3 $969K$1.0M
+3.2%
4 $1.2M$1.3M
+5.0%
5+ $1.3M$1.4M
+6.1%

Summary: 02474 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Zip Codes

02478
+8.6%
02144
+4.0%
02476
+2.4%
02474
0.3%

Housing Supply in 02474, MA

How many homes are available in 02474, MA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5230-42.3%

Summary: The 02474 real estate market had 30 homes for sale in December 2024, a 42.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 83
-62.5%
3 2213
-40.9%
4 106
-40.0%
5+ 117
-36.4%

Summary: The 02474 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 62.5%, 3 bedroom homes decreased by 40.9%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 36.4%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2316-30.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02474, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 02474 in December 2024, down by 30.4% month-over-month. Of the 16 sold homes, 19% were sold under asking, 6% were sold at asking, and 75% were sold over asking.

Days on Market for 02474, MA

How long does it take to sell a home in 02474, MA?

Average Sale Time

Dec 2023Dec 2024CHANGE
29 Days30 Days+3.7%

Summary: Homes in 02474 had an average of 30 days on market in Dec 2024, up by 3.7% compared to last year.

Breakdown of Home Sale Times

12 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 02474 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 16 homes were sold in 02474; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% 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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