$10,000 Closing Credit*
$1,199,000
1,712 SqFt
3 Beds
•1 Full Bath, 2 Partial
#73313270, Christopher Hanly, Listing Office: Boston City Properties
Is Nahant, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Nahant was a Seller's Market.
Key Takeaway
Nahant is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nahant, MA
How much do homes in Nahant, MA cost?
Median Sold Price
$915,000
$465/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-1.1%)
Key Takeaway
Homes in Nahant have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Nahant was $915,000 in October 2024, down 1.1% from last year, and the median price per square foot was $465.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $381.5K | $330K | -13.5% |
| 2 Bedrooms | $849K | $545K | -35.8% |
| 3 Bedrooms | $930K | $862.5K | -7.3% |
| 4 Bedrooms | $955K | $1.1M | +20.0% |
| 5+ Bedrooms | $1.7M | $1.4M | -19.1% |
Summary: Nahant housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes decreased by 35.8%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 19.1%.
Median Sold Price Compared To Nearby Cities
| Lynn | $531K | $570K | +7.3% |
| Nahant | $925K | $915K | -1.1% |
Housing Supply in Nahant, MA
How many homes are available in Nahant, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The Nahant real estate market had 26 homes for sale in October 2024, a 10.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Nahant housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nahant, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Nahant in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Nahant, MA
How long does it take to sell a home in Nahant, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 74 Days | 111 Days | +49.7% |
Summary: Homes in Nahant had an average of 111 days on market in Oct 2024, up by 49.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nahant has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Nahant; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
