Is 02648, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02648 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 02648 was a Neutral Market.

Key Takeaway

02648 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02648, MA

How much do homes in 02648, MA cost?

Median Sold Price

$660,000

$394/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$47,500(+7.8%)

Key Takeaway

Homes in 02648 have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in 02648 was $660,000 in October 2024, up 7.8% from last year, and the median price per square foot was $394.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $565K$495K
-12.4%
3 $612.5K$670K
+9.4%
4 $834K$1.2M
+54.8%
5+ $2.6M$2.9M
+14.4%

Summary: 02648 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 54.8%, and 5+ bedroom homes increased by 14.4%.

Median Sold Price Compared To Nearby Zip Codes

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

Housing Supply in 02648, MA

How many homes are available in 02648, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3331-6.1%

Summary: The 02648 real estate market had 31 homes for sale in October 2024, a 6.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 2423
-4.2%
4 55
0.0%
5+ 11
0.0%

Summary: The 02648 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 decreased by 33.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

4 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 02648, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 02648 in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for 02648, MA

How long does it take to sell a home in 02648, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days24 Days+65.2%

Summary: Homes in 02648 had an average of 24 days on market in Oct 2024, up by 65.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02648 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 02648; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in 02648, MA

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