$175,000
0.94 Acres
Land
#73319330, The North Shore Realty Group, Listing Office: eXp Realty
Is Rowley, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Rowley was a Seller's Market.
Key Takeaway
Rowley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rowley, MA
How much do homes in Rowley, MA cost?
Median Sold Price
$685,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$111,500(-14.0%)
Key Takeaway
Homes in Rowley have sold for 14% less than they did a year ago.
Summary: The median home sold price in Rowley was $685,000 in November 2024, down 14% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249K | $270K | +8.5% |
| 2 Bedrooms | $325K | $375K | +15.4% |
| 3 Bedrooms | $745K | $675K | -9.4% |
| 4 Bedrooms | $950K | $897K | -5.6% |
| 5+ Bedrooms | $877K | $890K | +1.5% |
Summary: Rowley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Newbury | $829K | $945K | +14.0% |
| Ipswich | $733K | $760K | +3.7% |
| Georgetown | $725K | $744K | +2.6% |
| Rowley | $796.5K | $685K | -14.0% |
Housing Supply in Rowley, MA
How many homes are available in Rowley, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The Rowley real estate market had 14 homes for sale in November 2024, a 17.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Rowley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rowley, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Rowley in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rowley, MA
How long does it take to sell a home in Rowley, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 35 Days | +13.2% |
Summary: Homes in Rowley had an average of 35 days on market in Nov 2024, up by 13.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rowley has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Rowley; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
