$6,595,000
9,494 SqFt
6 Beds
•7 Full Baths, 1 Partial
#73318903, Teri Adler, Listing Office: MGS Group Real Estate LTD - Wellesley
Is 02481, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$2,202,000
$641/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$239,500(+12.2%)
Key Takeaway
Homes in 02481 have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in 02481 was $2,202,000 in November 2024, up 12.2% from last year, and the median price per square foot was $641.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | - | N/A |
| 2 Bedrooms | $1.0M | $1.0M | -2.2% |
| 3 Bedrooms | $1.1M | $1.3M | +24.9% |
| 4 Bedrooms | $1.8M | $2.1M | +16.4% |
| 5+ Bedrooms | $3.1M | $2.8M | -9.9% |
Summary: 02481 housing prices by bedroom type for November 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 16.4%, and 5+ bedroom homes decreased by 9.9%.
Housing Supply in 02481, MA
How many homes are available in 02481, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 43 | -14.0% |
Summary: The 02481 real estate market had 43 homes for sale in November 2024, a 14.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 25 | 21 | -16.0% |
Summary: The 02481 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02481, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 02481 in November 2024, down by 38.5% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 24 Days | -56.1% |
Summary: Homes in 02481 had an average of 24 days on market in Nov 2024, down by 56.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02481 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 02481; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
