$8,847 Closing Credit*
$745,000
2,092 SqFt
2 Beds
•2 Full Baths, 1 Partial
#73314484, Cynthia Conroy, Listing Office: William Raveis R.E. & Home Services
Is Groton, 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, 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
$748,900
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,100(-0.1%)
Key Takeaway
The sold price of homes in Groton has remained the same since last year.
Summary: The median home sold price in Groton was $748,900 in October 2024, down 0.1% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222K | $372.5K | +67.8% |
| 2 Bedrooms | $475K | $494.9K | +4.2% |
| 3 Bedrooms | $692.4K | $682.5K | -1.4% |
| 4 Bedrooms | $850K | $947.5K | +11.5% |
| 5+ Bedrooms | $1.2M | $1.3M | +4.8% |
Summary: Groton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.8%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Dunstable | $800K | $915K | +14.4% |
| Ayer | $476.5K | $529.4K | +11.1% |
| Pepperell | $513K | $553.5K | +7.9% |
| Shirley | $462K | $477.5K | +3.4% |
| Groton | $750K | $748.9K | -0.1% |
Housing Supply in Groton, MA
How many homes are available in Groton, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 37 | -2.6% |
Summary: The Groton real estate market had 37 homes for sale in October 2024, a 2.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Groton 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 decreased by 50%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Groton, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Groton in October 2024, up by 50.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 0% were sold at asking, and 58% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 51 Days | +8.2% |
Summary: Homes in Groton had an average of 51 days on market in Oct 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Groton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Groton; 58% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
