Is 02631, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02631 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02631 has remained a Seller's Market.

Key Takeaway

02631 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02631, MA

How much do homes in 02631, MA cost?

Median Sold Price

$675,000

$480/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$25,000(-3.6%)

Key Takeaway

Homes in 02631 have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in 02631 was $675,000 in October 2024, down 3.6% from last year, and the median price per square foot was $480.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $280K$305K
+8.9%
2 $523.7K$475K
-9.3%
3 $794K$800K
+0.8%
4 $825K$1.2M
+54.5%
5+ $1.6M$1.4M
-10.0%

Summary: 02631 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes decreased by 10%.

Median Sold Price Compared To Nearby Zip Codes

02660
+21.5%
02645
+19.2%
02653
-3.2%
02631
-3.6%

Housing Supply in 02631, MA

How many homes are available in 02631, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4249+16.7%

Summary: The 02631 real estate market had 49 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 14
+300.0%
2 1516
+6.7%
3 1518
+20.0%
4 56
+20.0%
5+ 65
-16.7%

Summary: The 02631 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
412+200.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02631, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 02631 in October 2024, up by 200.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.

Days on Market for 02631, MA

How long does it take to sell a home in 02631, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days54 Days+97.9%

Summary: Homes in 02631 had an average of 54 days on market in Oct 2024, up by 97.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02631 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 02631; 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 7 Days Ago

Newest Listings in 02631, MA

Nearby Markets to 02631, MA