$10,000 Closing Credit*
$1,050,000
3,542 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73312068, Team Curtin - Tim and Jody, Listing Office: Leading Edge Real Estate
Is Groveland, 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, Groveland has remained a Seller's Market.
Key Takeaway
Groveland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Groveland, MA
How much do homes in Groveland, MA cost?
Median Sold Price
$615,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,000(+6.2%)
Key Takeaway
Homes in Groveland have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Groveland was $615,000 in October 2024, up 6.2% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $438.4K | $450K | +2.6% |
| 3 Bedrooms | $562.4K | $620K | +10.2% |
| 4 Bedrooms | $821K | $777.5K | -5.3% |
| 5+ Bedrooms | $706K | $700K | -0.8% |
Summary: Groveland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Byfield | $775K | $880K | +13.5% |
| West Newbury | $780K | $869K | +11.4% |
| Haverhill | $470.6K | $517.6K | +10.0% |
| Groveland | $579K | $615K | +6.2% |
| Georgetown | $725K | $746.5K | +3.0% |
Housing Supply in Groveland, MA
How many homes are available in Groveland, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Summary: The Groveland real estate market had 26 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Groveland 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 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Groveland, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Groveland in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Groveland, MA
How long does it take to sell a home in Groveland, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 19 Days | +5.8% |
Summary: Homes in Groveland had an average of 19 days on market in Oct 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Groveland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Groveland; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
