$9,132 Closing Credit*
$769,000
1,594 SqFt
2 Beds
•2 Full Baths
#73310745, Dawn Lee, Listing Office: Gibson Sotheby's International Realty
Is 02642, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 02642 was a Seller's Market.
Key Takeaway
02642 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 02642, MA
How much do homes in 02642, MA cost?
Median Sold Price
$743,178
$551/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,821(-1.6%)
Key Takeaway
Homes in 02642 have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in 02642 was $743,178 in October 2024, down 1.6% from last year, and the median price per square foot was $551.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $365.5K | +22.2% |
| 2 Bedrooms | $600K | $620K | +3.3% |
| 3 Bedrooms | $777K | $760.1K | -2.2% |
| 4 Bedrooms | $952.5K | $827.2K | -13.1% |
| 5+ Bedrooms | $749K | $1.5M | +111.6% |
Summary: 02642 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes increased by 111.6%.
Median Sold Price Compared To Nearby Zip Codes
| 02642 | $755K | $743.1K | -1.6% |
| 02653 | $1.0M | $1.0M | -3.2% |
| 02667 | $947.5K | $877K | -7.4% |
Housing Supply in 02642, MA
How many homes are available in 02642, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 37 | +2.8% |
Summary: The 02642 real estate market had 37 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 02642 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 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02642, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 02642 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 02642, MA
How long does it take to sell a home in 02642, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 38 Days | -35.1% |
Summary: Homes in 02642 had an average of 38 days on market in Oct 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02642 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 02642; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
