Is 02721, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02721 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 02721 has remained a Seller's Market.

Key Takeaway

02721 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02721, MA

How much do homes in 02721, MA cost?

Median Sold Price

$465,500

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,500(+10.8%)

Key Takeaway

Homes in 02721 have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in 02721 was $465,500 in October 2024, up 10.8% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $363K$394K
+8.5%
2 $314.2K$345K
+9.8%
3 $380K$410K
+7.9%
4 $390K$470K
+20.5%
5+ $500K$600K
+20.0%

Summary: 02721 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 20%.

Median Sold Price Compared To Nearby Zip Codes

02724
+21.4%
02723
+17.6%
02790
+11.2%
02721
+10.8%
02720
+9.9%

Housing Supply in 02721, MA

How many homes are available in 02721, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5953-10.2%

Summary: The 02721 real estate market had 53 homes for sale in October 2024, a 10.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 63
-50.0%
3 2225
+13.6%
4 910
+11.1%
5+ 2114
-33.3%

Summary: The 02721 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 50%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1412-14.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02721, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 02721 in October 2024, down by 14.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% were sold over asking.

Days on Market for 02721, MA

How long does it take to sell a home in 02721, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days39 Days+103.0%

Summary: Homes in 02721 had an average of 39 days on market in Oct 2024, up by 103% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02721 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 02721; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% 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 16 Days Ago

Newest Listings in 02721, MA

Nearby Markets to 02721, MA