Is Northampton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$443,750
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Northampton have sold for 8% more than they did a year ago.
Summary: The median home sold price in Northampton was $443,750 in May 2024, up 8% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257K | $202.4K | -21.2% |
| 2 Bedrooms | $313K | $356.5K | +13.9% |
| 3 Bedrooms | $414K | $443.7K | +7.2% |
| 4 Bedrooms | $670K | $569K | -15.1% |
| 5+ Bedrooms | $668K | $685K | +2.5% |
Summary: Northampton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.2%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Florence | $377.5K | $432.5K | +14.6% |
| Northampton | $411K | $443.7K | +8.0% |
| Easthampton Town | $380.7K | $393.2K | +3.3% |
| Hadley | $557.4K | $564.1K | +1.2% |
| Leeds | $485.7K | $445K | -8.4% |
Housing Supply in Northampton, MA
How many homes are available in Northampton, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 65 | +3.2% |
Summary: The Northampton real estate market had 65 homes for sale in May 2024, a 3.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 12 | 18 | +50.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Northampton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northampton, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Northampton in May 2024, up by 20.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 22% were sold at asking, and 61% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 70 Days | +102.7% |
Summary: Homes in Northampton had an average of 70 days on market in May 2024, up by 102.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 May 2024, 18 homes were sold in Northampton; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
