Is 02740, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02740 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 02740 was a Seller's Market.

Key Takeaway

02740 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 02740, MA

How much do homes in 02740, MA cost?

Median Sold Price

$426,500

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,833(+8.3%)

Key Takeaway

Homes in 02740 have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in 02740 was $426,500 in November 2024, up 8.3% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $365K$310K
-15.1%
2 $320K$345K
+7.8%
3 $353K$380K
+7.6%
4 $375.5K$440K
+17.2%
5+ $460K$530K
+15.2%

Summary: 02740 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 15.2%.

Median Sold Price Compared To Nearby Zip Codes

02746
+22.7%
02744
+15.4%
02747
+15.1%
02740
+8.3%
02719
+7.0%

Housing Supply in 02740, MA

How many homes are available in 02740, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10996-11.9%

Summary: The 02740 real estate market had 96 homes for sale in November 2024, a 11.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1211
-8.3%
3 2929
0.0%
4 3220
-37.5%
5+ 3636
0.0%

Summary: The 02740 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2916-44.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02740, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 02740 in November 2024, down by 44.8% month-over-month. Of the 16 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.

Days on Market for 02740, MA

How long does it take to sell a home in 02740, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days34 Days+18.9%

Summary: Homes in 02740 had an average of 34 days on market in Nov 2024, up by 18.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02740 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 16 homes were sold in 02740; 50% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 6% 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 17 Days Ago

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