$9,143 Closing Credit*
$769,900
2,565 SqFt
3 Beds
•3 Full Baths
#73314347, Judith L. Powell, Listing Office: Keller Williams Gateway Realty
Is Methuen, 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, Methuen has remained a Seller's Market.
Key Takeaway
Methuen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Methuen, MA
How much do homes in Methuen, MA cost?
Median Sold Price
$571,500
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,500(+8.9%)
Key Takeaway
Homes in Methuen have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Methuen was $571,500 in October 2024, up 8.9% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $256.2K | $249K | -2.8% |
| 2 Bedrooms | $400K | $405K | +1.3% |
| 3 Bedrooms | $517.5K | $575K | +11.1% |
| 4 Bedrooms | $600K | $650K | +8.3% |
| 5+ Bedrooms | $700K | $720K | +2.9% |
Summary: Methuen housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Lawrence | $487K | $550K | +12.9% |
| Methuen Town | $523.7K | $572K | +9.2% |
| Methuen | $525K | $571.5K | +8.9% |
| North Andover | $700K | $710.8K | +1.5% |
Housing Supply in Methuen, MA
How many homes are available in Methuen, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 | 138 | +1.5% |
Summary: The Methuen real estate market had 138 homes for sale in October 2024, a 1.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 56 | 65 | +16.1% |
| 4 Bedrooms | 39 | 34 | -12.8% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The Methuen 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 7.7%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 38 | -15.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Methuen, you could pay more than the asking price. 68.4% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Methuen in October 2024, down by 15.6% month-over-month. Of the 38 sold homes, 26% were sold under asking, 5% were sold at asking, and 68% were sold over asking.
Days on Market for Methuen, MA
How long does it take to sell a home in Methuen, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 24 Days | -11.2% |
Summary: Homes in Methuen had an average of 24 days on market in Oct 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Methuen are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in Methuen; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
