$2,197 Closing Credit*
$184,999
445 SqFt
1 Bed
•1 Full Bath
#73314906, Sean Donelly, Listing Office: Redfin Corp.
Is Central City, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Central City has remained a Seller's Market.
Key Takeaway
Central City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central City, MA
How much do homes in Central City, MA cost?
Median Sold Price
$448,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$37,000(-7.6%)
Key Takeaway
Homes in Central City have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Central City was $448,000 in October 2024, down 7.6% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $214.5K | +26.2% |
| 2 Bedrooms | $227.5K | $285K | +25.3% |
| 3 Bedrooms | $278.5K | $352.5K | +26.6% |
| 4 Bedrooms | $432K | $490K | +13.4% |
| 5+ Bedrooms | $587K | $665K | +13.3% |
Summary: Central City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.2%, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Central City | $485K | $448K | -7.6% |
| Elm Park | $430K | $390K | -9.3% |
Housing Supply in Central City, MA
How many homes are available in Central City, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 39 | 0.0% |
Summary: The Central City real estate market had 39 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 26 | 24 | -7.7% |
Summary: The Central City 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central City, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Central City in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% were sold over asking.
Days on Market for Central City, MA
How long does it take to sell a home in Central City, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 32 Days | +32.2% |
Summary: Homes in Central City had an average of 32 days on market in Oct 2024, up by 32.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Central City; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
