Is 02494, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02494 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 02494 was a Seller's Market.

Key Takeaway

02494 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 02494, MA

How much do homes in 02494, MA cost?

Median Sold Price

$1,280,000

$487/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+0.8%)

Key Takeaway

Homes in 02494 have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in 02494 was $1,280,000 in October 2024, up 0.8% from last year, and the median price per square foot was $487.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $347.5K$568.7K
+63.7%
2 $805K$580K
-28.0%
3 $1.0M$1.0M
-2.8%
4 $1.4M$1.5M
+1.3%
5+ $2.2M$1.9M
-10.7%

Summary: 02494 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.7%, 2 bedroom homes decreased by 28%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 10.7%.

Median Sold Price Compared To Nearby Zip Codes

02492
+21.4%
02464
+18.8%
02461
+15.1%
02481
+13.6%
02494
+0.8%

Housing Supply in 02494, MA

How many homes are available in 02494, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3336+9.1%

Summary: The 02494 real estate market had 36 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 67
+16.7%
4 1010
0.0%
5+ 1616
0.0%

Summary: The 02494 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 increased by 200%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02494, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 02494 in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 02494, MA

How long does it take to sell a home in 02494, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
62 Days46 Days-25.9%

Summary: Homes in 02494 had an average of 46 days on market in Oct 2024, down by 25.9% compared to last year.

Breakdown of Home Sale Times

3 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 02494 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 02494; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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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