Is Pepperell, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pepperell is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Pepperell has remained a Seller's Market.

Key Takeaway

Pepperell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pepperell, MA

How much do homes in Pepperell, MA cost?

Median Sold Price

$539,500

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$19,500(+3.8%)

Key Takeaway

Homes in Pepperell have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Pepperell was $539,500 in September 2024, up 3.8% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $285K$330K
+15.8%
3 $489K$532.5K
+8.9%
4 $652.5K$649K
-0.5%
5+ $555K$595K
+7.2%

Summary: Pepperell housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Cities

Dunstable
+14.9%
Pepperell
+3.8%
Townsend
+3.0%
Groton
+2.0%

Housing Supply in Pepperell, MA

How many homes are available in Pepperell, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
41410.0%

Summary: The Pepperell real estate market had 41 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 1917
-10.5%
4 1619
+18.8%
5+ 11
0.0%

Summary: The Pepperell housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
915+66.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pepperell, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Pepperell in September 2024, up by 66.7% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.

Days on Market for Pepperell, MA

How long does it take to sell a home in Pepperell, MA?

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days27 Days+88.8%

Summary: Homes in Pepperell had an average of 27 days on market in Sep 2024, up by 88.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pepperell are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 15 homes were sold in Pepperell; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Pepperell, MA

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