$10,000 Closing Credit*
$895,000
2,423 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73320206, Bradley McGrath, Listing Office: Coldwell Banker Community REALTORS®
Is Amherst, 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, Amherst has remained a Seller's Market.
Key Takeaway
Amherst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Amherst, MA
How much do homes in Amherst, MA cost?
Median Sold Price
$515,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+7.3%)
Key Takeaway
Homes in Amherst have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Amherst was $515,000 in November 2024, up 7.3% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201.7K | $191.5K | -5.1% |
| 2 Bedrooms | $270K | $300K | +11.1% |
| 3 Bedrooms | $420.5K | $437.4K | +4.0% |
| 4 Bedrooms | $566.5K | $612.5K | +8.1% |
| 5+ Bedrooms | $770K | $730K | -5.2% |
Summary: Amherst housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Amherst | $480K | $515K | +7.3% |
| Hadley | $568.5K | $530K | -6.8% |
Housing Supply in Amherst, MA
How many homes are available in Amherst, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 53 | -13.1% |
Summary: The Amherst real estate market had 53 homes for sale in November 2024, a 13.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 16 | 12 | -25.0% |
Summary: The Amherst 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 increased by 11.1%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 14 | +133.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amherst, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Amherst in November 2024, up by 133.3% month-over-month. Of the 14 sold homes, 71% were sold under asking, 7% were sold at asking, and 21% were sold over asking.
Days on Market for Amherst, MA
How long does it take to sell a home in Amherst, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 42 Days | -4.5% |
Summary: Homes in Amherst had an average of 42 days on market in Nov 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Amherst are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Amherst; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
