Is 02478, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02478 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02478 has remained a Seller's Market.

Key Takeaway

02478 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02478, MA

How much do homes in 02478, MA cost?

Median Sold Price

$1,358,000

$607/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$133,000(+10.9%)

Key Takeaway

Homes in 02478 have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in 02478 was $1,358,000 in October 2024, up 10.9% from last year, and the median price per square foot was $607.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $425K$787.5K
+85.3%
2 $670K$730K
+9.0%
3 $1.1M$1.2M
+9.0%
4 $1.4M$1.5M
+6.8%
5+ $1.5M$1.7M
+11.1%

Summary: 02478 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.3%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Zip Codes

02478
+10.9%
02140
+9.3%
02476
+4.3%
02472
+1.2%
02474
0.5%

Housing Supply in 02478, MA

How many homes are available in 02478, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7276+5.6%

Summary: The 02478 real estate market had 76 homes for sale in October 2024, a 5.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 2522
-12.0%
4 2223
+4.5%
5+ 2127
+28.6%

Summary: The 02478 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1718+5.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02478, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 02478 in October 2024, up by 5.9% month-over-month. Of the 18 sold homes, 39% were sold under asking, 6% were sold at asking, and 56% were sold over asking.

Days on Market for 02478, MA

How long does it take to sell a home in 02478, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days21 Days-36.9%

Summary: Homes in 02478 had an average of 21 days on market in Oct 2024, down by 36.9% compared to last year.

Breakdown of Home Sale Times

14 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 02478 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 02478; 78% of homes were sold within 30 days, 17% 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 4 Days Ago

Newest Listings in 02478, MA

Nearby Markets to 02478, MA