$4,619 Closing Credit*
$389,000
1,792 SqFt
4 Beds
•2 Full Baths
#73314591, Anne Young, Listing Office: Brick & Mortar
Is Northampton, 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, 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
$447,500
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,500(+9.1%)
Key Takeaway
Homes in Northampton have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Northampton was $447,500 in October 2024, up 9.1% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.4K | $205K | +1.3% |
| 2 Bedrooms | $342.2K | $350K | +2.3% |
| 3 Bedrooms | $421.5K | $440K | +4.4% |
| 4 Bedrooms | $568K | $672.5K | +18.4% |
| 5+ Bedrooms | $812K | $695K | -14.4% |
Summary: Northampton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Florence | $390K | $460K | +17.9% |
| Northampton | $410K | $447.5K | +9.1% |
| Easthampton Town | $380K | $394.7K | +3.9% |
| Leeds | $416K | $420K | +1.0% |
| Hadley | $552.9K | $530K | -4.1% |
Housing Supply in Northampton, MA
How many homes are available in Northampton, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 78 | -11.4% |
Summary: The Northampton real estate market had 78 homes for sale in October 2024, a 11.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 24 | 20 | -16.7% |
| 3 Bedrooms | 36 | 31 | -13.9% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Northampton 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 decreased by 16.7%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northampton, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Northampton in October 2024, down by 30.4% month-over-month. Of the 16 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 36 Days | +41.8% |
Summary: Homes in Northampton had an average of 36 days on market in Oct 2024, up by 41.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northampton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Northampton; 50% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
