$2,795,000
1,418 SqFt
3 Beds
•2 Full Baths
#73314877, Brian Pothier, Listing Office: Gibson Sotheby's International Realty
Is 02631, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $305K | +8.9% |
| 2 Bedrooms | $523.7K | $475K | -9.3% |
| 3 Bedrooms | $794K | $800K | +0.8% |
| 4 Bedrooms | $825K | $1.2M | +54.5% |
| 5+ Bedrooms | $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 | $570K | $692.5K | +21.5% |
| 02645 | $665K | $792.5K | +19.2% |
| 02653 | $1.0M | $1.0M | -3.2% |
| 02631 | $700K | $675K | -3.6% |
Housing Supply in 02631, MA
How many homes are available in 02631, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 49 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 6 | 5 | -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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 12 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 54 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
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.
