Is 02702, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02702 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 02702 has remained a Seller's Market.

Key Takeaway

02702 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02702, MA

How much do homes in 02702, MA cost?

Median Sold Price

$493,000

$327/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$82,500(-14.3%)

Key Takeaway

Homes in 02702 have sold for 14.3% less than they did a year ago.

Summary: The median home sold price in 02702 was $493,000 in December 2024, down 14.3% from last year, and the median price per square foot was $327.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$324K
N/A
2 $359.9K$455K
+26.4%
3 $575.4K$530K
-7.9%
4 $625.4K$640.7K
+2.4%
5+ --
N/A

Summary: 02702 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.4%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

02717
+21.6%
02779
+11.8%
02720
+10.3%
02726
+6.0%
02702
-14.3%

Housing Supply in 02702, MA

How many homes are available in 02702, MA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1814-22.2%

Summary: The 02702 real estate market had 14 homes for sale in December 2024, a 22.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 119
-18.2%
4 54
-20.0%
5+ 11
0.0%

Summary: The 02702 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
550.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02702, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in 02702 in December 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.

Days on Market for 02702, MA

How long does it take to sell a home in 02702, MA?

Average Sale Time

Dec 2023Dec 2024CHANGE
70 Days36 Days-48.3%

Summary: Homes in 02702 had an average of 36 days on market in Dec 2024, down by 48.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 02702 has remained consistent over time.

Summary: During December 2024, 5 homes were sold in 02702; 20% of homes were sold within 30 days, 80% 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 7 Days Ago

Newest Listings in 02702, MA

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