$3,859 Closing Credit*
$325,000
820 SqFt
2 Beds
•1 Full Bath
#73321253, Michelle Almeida, Listing Office: Realty Executives Metro South
Is Lakeville, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lakeville was a Seller's Market.
Key Takeaway
Lakeville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lakeville, MA
How much do homes in Lakeville, MA cost?
Median Sold Price
$580,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$54,500(+10.4%)
Key Takeaway
Homes in Lakeville have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Lakeville was $580,000 in November 2024, up 10.4% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $300K | -7.7% |
| 2 Bedrooms | $400K | $501.2K | +25.3% |
| 3 Bedrooms | $505K | $605K | +19.8% |
| 4 Bedrooms | $650K | $750K | +15.4% |
| 5+ Bedrooms | $750K | $960K | +28.0% |
Summary: Lakeville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 28%.
Median Sold Price Compared To Nearby Cities
| Lakeville | $525.5K | $580K | +10.4% |
| East Taunton | $465K | $490.5K | +5.5% |
| Middleboro | $497.4K | $520K | +4.5% |
| Middleborough | $497.4K | $520K | +4.5% |
| Taunton | $455.7K | $475.2K | +4.3% |
Housing Supply in Lakeville, MA
How many homes are available in Lakeville, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The Lakeville real estate market had 45 homes for sale in November 2024, a 2.2% 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 | 14 | 9 | -35.7% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lakeville 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 35.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeville, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lakeville in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Lakeville, MA
How long does it take to sell a home in Lakeville, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 47 Days | +0.8% |
Summary: Homes in Lakeville had an average of 47 days on market in Nov 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lakeville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Lakeville; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
