$3,975,000
4,215 SqFt
9 Beds
•8 Full Baths
#73314804, Steven Cohen Team, Listing Office: Keller Williams Realty Boston-Metro | Back Bay
Is Ellis, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Ellis was a Buyer's Market.
Key Takeaway
Ellis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellis, MA
How much do homes in Ellis, MA cost?
Median Sold Price
$1,272,500
$1,227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,000(-1.5%)
Key Takeaway
Homes in Ellis have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Ellis was $1,272,500 in November 2024, down 1.5% from last year, and the median price per square foot was $1,227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $700K | $750K | +7.1% |
| 2 Bedrooms | $1.2M | $1.3M | +5.1% |
| 3 Bedrooms | $1.8M | $2.7M | +48.4% |
| 4 Bedrooms | $3.2M | $3.6M | +12.4% |
| 5+ Bedrooms | $2.8M | $3.5M | +25.4% |
Summary: Ellis housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 48.4%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 25.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Eight Streets | $1.5M | $1.9M | +29.0% |
| Ellis | $1.2M | $1.2M | -1.5% |
| Bay Village | $1.8M | $1.2M | -31.1% |
Housing Supply in Ellis, MA
How many homes are available in Ellis, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Summary: The Ellis real estate market had 29 homes for sale in November 2024, a 19.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Ellis housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ellis, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Ellis in November 2024, down by 54.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Ellis, MA
How long does it take to sell a home in Ellis, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 48 Days | +143.0% |
Summary: Homes in Ellis had an average of 48 days on market in Nov 2024, up by 143% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ellis are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Ellis; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
