Is 02747, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02747 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 02747 has remained a Seller's Market.

Key Takeaway

02747 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 02747, MA

How much do homes in 02747, MA cost?

Median Sold Price

$530,000

$316/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$69,500(+15.1%)

Key Takeaway

Homes in 02747 have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in 02747 was $530,000 in November 2024, up 15.1% from last year, and the median price per square foot was $316.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $384.5K$355K
-7.7%
2 $357.5K$417.5K
+16.8%
3 $472.4K$549.9K
+16.4%
4 $590K$661.9K
+12.2%
5+ $645K$802K
+24.3%

Summary: 02747 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 24.3%.

Median Sold Price Compared To Nearby Zip Codes

02746
+22.7%
02747
+15.1%
02745
+11.6%
02790
+10.1%
02740
+8.3%

Housing Supply in 02747, MA

How many homes are available in 02747, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5655-1.8%

Summary: The 02747 real estate market had 55 homes for sale in November 2024, a 1.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 2726
-3.7%
4 1717
0.0%
5+ 57
+40.0%

Summary: The 02747 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 28.6%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
915+66.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02747, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 02747 in November 2024, up by 66.7% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.

Days on Market for 02747, MA

How long does it take to sell a home in 02747, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days44 Days+11.5%

Summary: Homes in 02747 had an average of 44 days on market in Nov 2024, up by 11.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02747 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in 02747; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 3 Days Ago

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