$5,699 Closing Credit*
$479,900
1,600 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73312976, Michael Coomas, Listing Office: Berkshire Hathaway HomeServices Verani Realty
Is Methuen Town, 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 Town has remained a Seller's Market.
Key Takeaway
Methuen Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Methuen Town, MA
How much do homes in Methuen Town, MA cost?
Median Sold Price
$572,083
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,333(+9.2%)
Key Takeaway
Homes in Methuen Town have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Methuen Town was $572,083 in October 2024, up 9.2% 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 Town 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 Town, MA
How many homes are available in Methuen Town, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 | 138 | +1.5% |
Summary: The Methuen Town 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 Town 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 Town, 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 Town 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 Town, MA
How long does it take to sell a home in Methuen Town, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 24 Days | -11.2% |
Summary: Homes in Methuen Town 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 Town are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in Methuen Town; 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.
