$6,994 Closing Credit*
$589,000
1,184 SqFt
2 Beds
•2 Full Baths
#73320910, Jeff Gordon, Listing Office: EXIT Assurance Realty
Is Groton, 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, Groton has remained a Seller's Market.
Key Takeaway
Groton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Groton, MA
How much do homes in Groton, MA cost?
Median Sold Price
$755,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+0.7%)
Key Takeaway
Homes in Groton have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Groton was $755,000 in November 2024, up 0.7% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222K | $345K | +55.4% |
| 2 Bedrooms | $475K | $472.4K | -0.5% |
| 3 Bedrooms | $685K | $700K | +2.2% |
| 4 Bedrooms | $832.5K | $950K | +14.1% |
| 5+ Bedrooms | $1.3M | $1.2M | -7.5% |
Summary: Groton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.4%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Ayer | $485K | $550K | +13.4% |
| Pepperell | $513K | $574.2K | +11.9% |
| Shirley | $462K | $493K | +6.7% |
| Groton | $750K | $755K | +0.7% |
Housing Supply in Groton, MA
How many homes are available in Groton, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 28 | -26.3% |
Summary: The Groton real estate market had 28 homes for sale in November 2024, a 26.3% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 6 | -50.0% |
| 4 Bedrooms | 18 | 12 | -33.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Groton 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Groton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Groton in November 2024, down by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Groton, MA
How long does it take to sell a home in Groton, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 41 Days | +33.4% |
Summary: Homes in Groton had an average of 41 days on market in Nov 2024, up by 33.4% compared to last year.
Breakdown of Home Sale Times
5 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 Groton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Groton; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
