Is 02632, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02632 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 02632 was a Neutral Market.

Key Takeaway

02632 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02632, MA

How much do homes in 02632, MA cost?

Median Sold Price

$647,500

$415/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,500(+5.8%)

Key Takeaway

Homes in 02632 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 02632 was $647,500 in October 2024, up 5.8% from last year, and the median price per square foot was $415.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $368.9K$140K
-62.0%
2 $492K$540K
+9.8%
3 $616K$655K
+6.3%
4 $735K$720K
-2.0%
5+ $1.2M$1.2M
-5.9%

Summary: 02632 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Zip Codes

02601
+15.7%
02648
+7.8%
02632
+5.8%
02655
-1.0%

Housing Supply in 02632, MA

How many homes are available in 02632, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5659+5.4%

Summary: The 02632 real estate market had 59 homes for sale in October 2024, a 5.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1014
+40.0%
3 3431
-8.8%
4 78
+14.3%
5+ 45
+25.0%

Summary: The 02632 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 40%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02632, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 02632 in October 2024, up by 30.0% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.

Days on Market for 02632, MA

How long does it take to sell a home in 02632, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days41 Days+2.8%

Summary: Homes in 02632 had an average of 41 days on market in Oct 2024, up by 2.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02632 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in 02632; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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 4 Days Ago

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