$7,837 Closing Credit*
$659,999
794 SqFt
2 Beds
•2 Full Baths
#73319824, Hakim Sadler, Listing Office: MIG
Is Jamaica Plain, 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, Jamaica Plain has remained a Seller's Market.
Key Takeaway
Jamaica Plain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jamaica Plain, MA
How much do homes in Jamaica Plain, MA cost?
Median Sold Price
$819,500
$640/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$79,500(+10.7%)
Key Takeaway
Homes in Jamaica Plain have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Jamaica Plain was $819,500 in November 2024, up 10.7% from last year, and the median price per square foot was $640.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $422.5K | $445K | +5.3% |
| 2 Bedrooms | $662.5K | $650.4K | -1.8% |
| 3 Bedrooms | $915K | $940K | +2.7% |
| 4 Bedrooms | $1.3M | $1.4M | +5.7% |
| 5+ Bedrooms | $1.2M | $1.4M | +13.0% |
Summary: Jamaica Plain housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Neighborhoods
| Forest Hills | $553K | $710K | +28.4% |
| Moss Hill | $1.0M | $1.2M | +22.0% |
| Jamaica Plain | $740K | $819.5K | +10.7% |
| Hyde Square | $725K | $795.5K | +9.7% |
| Egleston Square | $737.5K | $760K | +3.1% |
Housing Supply in Jamaica Plain, MA
How many homes are available in Jamaica Plain, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 88 | -16.2% |
Summary: The Jamaica Plain real estate market had 88 homes for sale in November 2024, a 16.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 12 | 0.0% |
| 2 Bedrooms | 31 | 27 | -12.9% |
| 3 Bedrooms | 34 | 27 | -20.6% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 21 | 14 | -33.3% |
Summary: The Jamaica Plain 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 decreased by 12.9%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jamaica Plain, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Jamaica Plain in November 2024, down by 10.5% month-over-month. Of the 17 sold homes, 53% were sold under asking, 12% were sold at asking, and 35% were sold over asking.
Days on Market for Jamaica Plain, MA
How long does it take to sell a home in Jamaica Plain, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 40 Days | -13.2% |
Summary: Homes in Jamaica Plain had an average of 40 days on market in Nov 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jamaica Plain are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Jamaica Plain; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
