Is 02657, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02657 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 02657 was a Seller's Market.

Key Takeaway

02657 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 02657, MA

How much do homes in 02657, MA cost?

Median Sold Price

$1,100,000

$1,359/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$221,000(+25.1%)

Key Takeaway

Homes in 02657 have sold for 25.1% more than they did a year ago.

Summary: The median home sold price in 02657 was $1,100,000 in November 2024, up 25.1% from last year, and the median price per square foot was $1,359.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $581.5K$795K
+36.7%
2 $958.5K$1.1M
+21.0%
3 $1.6M$2.1M
+35.7%
4 $1.8M$2.3M
+28.6%
5+ $2.8M-
N/A

Summary: 02657 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.7%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes did not change.

Housing Supply in 02657, MA

How many homes are available in 02657, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5549-10.9%

Summary: The 02657 real estate market had 49 homes for sale in November 2024, a 10.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1922
+15.8%
2 1512
-20.0%
3 138
-38.5%
4 31
-66.7%
5+ 56
+20.0%

Summary: The 02657 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.8%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
148-42.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02657, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 02657 in November 2024, down by 42.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for 02657, MA

How long does it take to sell a home in 02657, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
8 Days93 Days+1033.3%

Summary: Homes in 02657 had an average of 93 days on market in Nov 2024, up by 1033.3% compared to last year.

Breakdown of Home Sale Times

2 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

Avg time on Rocket Homes in 02657 has remained consistent over time.

Summary: During November 2024, 8 homes were sold in 02657; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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