Is 02481, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02481 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02481 has remained a Seller's Market.

Key Takeaway

02481 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02481, MA

How much do homes in 02481, MA cost?

Median Sold Price

$2,211,000

$636/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$265,000(+13.6%)

Key Takeaway

Homes in 02481 have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in 02481 was $2,211,000 in October 2024, up 13.6% from last year, and the median price per square foot was $636.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $750K-
N/A
2 $1.0M$1.0M
-2.2%
3 $1.1M$1.3M
+24.9%
4 $1.8M$2.1M
+14.3%
5+ $3.1M$2.8M
-9.7%

Summary: 02481 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 24.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Zip Codes

02482
+21.6%
02481
+13.6%
02494
+0.8%

Housing Supply in 02481, MA

How many homes are available in 02481, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4849+2.1%

Summary: The 02481 real estate market had 49 homes for sale in October 2024, a 2.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 33
0.0%
3 89
+12.5%
4 1311
-15.4%
5+ 2425
+4.2%

Summary: The 02481 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 4.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02481, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in 02481 in October 2024, up by 62.5% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% were sold over asking.

Days on Market for 02481, MA

How long does it take to sell a home in 02481, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days27 Days+51.3%

Summary: Homes in 02481 had an average of 27 days on market in Oct 2024, up by 51.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02481 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in 02481; 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 13 Days Ago

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