$375,000
7.00 Acres
Land
#73319990, Priscilla Harman, Listing Office: RE/MAX Compass
Is Agawam, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Agawam has remained a Seller's Market.
Key Takeaway
Agawam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Agawam, MA
How much do homes in Agawam, MA cost?
Median Sold Price
$300,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,500(-0.8%)
Key Takeaway
Homes in Agawam have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Agawam was $300,000 in November 2024, down 0.8% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $165K | +22.2% |
| 2 Bedrooms | $243K | $265K | +9.1% |
| 3 Bedrooms | $335K | $310K | -7.5% |
| 4 Bedrooms | $350K | $390K | +11.4% |
| 5+ Bedrooms | $495K | $457K | -7.7% |
Summary: Agawam housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
| West Springfield Town | $305K | $316K | +3.6% |
| Feeding Hills | $345K | $349.9K | +1.4% |
| Longmeadow | $473K | $470K | -0.6% |
| Agawam | $302.5K | $300K | -0.8% |
| Agawam Town | $320K | $315.1K | -1.5% |
Housing Supply in Agawam, MA
How many homes are available in Agawam, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 47 | -9.6% |
Summary: The Agawam real estate market had 47 homes for sale in November 2024, a 9.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 16 | -15.8% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Agawam 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 15.8%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Agawam, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Agawam in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.
Days on Market for Agawam, MA
How long does it take to sell a home in Agawam, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 33 Days | +37.8% |
Summary: Homes in Agawam had an average of 33 days on market in Nov 2024, up by 37.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Agawam are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Agawam; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
