$9,203 Closing Credit*
$775,000
664 SqFt
1 Bed
•1 Full Bath
#73312414, Scott Vitulano, Listing Office: Yes We Can Realty, Inc.
Is Ellis, 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, Ellis has remained a Seller'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
$1,306,500
$1,235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,750(+1.8%)
Key Takeaway
Homes in Ellis have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Ellis was $1,306,500 in October 2024, up 1.8% from last year, and the median price per square foot was $1,235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $707.5K | $750K | +6.0% |
| 2 Bedrooms | $1.2M | $1.3M | +8.6% |
| 3 Bedrooms | $1.8M | $2.7M | +48.4% |
| 4 Bedrooms | $3.2M | $3.6M | +12.4% |
| 5+ Bedrooms | $3.3M | $3.5M | +5.8% |
Summary: Ellis housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 48.4%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Eight Streets | $1.4M | $2.3M | +57.6% |
| Ellis | $1.2M | $1.3M | +1.8% |
| Bay Village | $1.8M | $1.3M | -28.5% |
| Stuart Street District | $4.0M | $1.9M | -53.4% |
Housing Supply in Ellis, MA
How many homes are available in Ellis, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 37 | +2.8% |
Summary: The Ellis real estate market had 37 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 11 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ellis 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 increased by 8.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellis, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Ellis in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 36 Days | -15.2% |
Summary: Homes in Ellis had an average of 36 days on market in Oct 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
6 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 Ellis are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Ellis; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
