$6,530 Closing Credit*
$549,900
1,372 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73320241, Lisa Zeno, Listing Office: HB Real Estate, LLC
Is Northampton, 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, Northampton has remained a Seller's Market.
Key Takeaway
Northampton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northampton, MA
How much do homes in Northampton, MA cost?
Median Sold Price
$450,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,700(+8.9%)
Key Takeaway
Homes in Northampton have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Northampton was $450,000 in November 2024, up 8.9% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $205K | +2.6% |
| 2 Bedrooms | $340.5K | $352K | +3.4% |
| 3 Bedrooms | $427K | $437.5K | +2.5% |
| 4 Bedrooms | $567K | $675K | +19.0% |
| 5+ Bedrooms | $803K | $721K | -10.2% |
Summary: Northampton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Florence | $399.9K | $445K | +11.3% |
| Northampton | $413.3K | $450K | +8.9% |
| Easthampton Town | $380K | $395K | +3.9% |
| Hadley | $568.5K | $530K | -6.8% |
Housing Supply in Northampton, MA
How many homes are available in Northampton, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 | 72 | -14.3% |
Summary: The Northampton real estate market had 72 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 40 | 32 | -20.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Northampton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 31 | +82.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northampton, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Northampton in November 2024, up by 82.4% month-over-month. Of the 31 sold homes, 45% were sold under asking, 10% were sold at asking, and 45% were sold over asking.
Days on Market for Northampton, MA
How long does it take to sell a home in Northampton, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 34 Days | +57.6% |
Summary: Homes in Northampton had an average of 34 days on market in Nov 2024, up by 57.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northampton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in Northampton; 77% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
