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 October 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

$997,666

$569/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,166(+0.5%)

Key Takeaway

Homes in 02474 have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in 02474 was $997,666 in October 2024, up 0.5% from last year, and the median price per square foot was $569.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $360K$370K
+2.8%
2 $655K$705.5K
+7.7%
3 $969K$972.5K
0.4%
4 $1.2M$1.2M
+0.8%
5+ $1.3M$1.4M
+6.1%

Summary: 02474 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Zip Codes

02478
+10.9%
02144
+10.9%
02140
+9.3%
02476
+4.3%
02474
0.5%

Housing Supply in 02474, MA

How many homes are available in 02474, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7069-1.4%

Summary: The 02474 real estate market had 69 homes for sale in October 2024, a 1.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 42
-50.0%
2 1913
-31.6%
3 2131
+47.6%
4 1514
-6.7%
5+ 119
-18.2%

Summary: The 02474 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 31.6%, 3 bedroom homes increased by 47.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2027+35.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

19 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. 70.4% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 02474 in October 2024, up by 35.0% month-over-month. Of the 27 sold homes, 22% were sold under asking, 7% were sold at asking, and 70% 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

Oct 2023Oct 2024CHANGE
22 Days24 Days+7.0%

Summary: Homes in 02474 had an average of 24 days on market in Oct 2024, up by 7% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

4 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 October 2024, 27 homes were sold in 02474; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% 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 23 Days Ago

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