$3,551 Closing Credit*
$299,000
1,223 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73314466, Melissa Ogulewicz, Listing Office: Lock and Key Realty Inc.
Is Russell, 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, Russell was a Seller's Market.
Key Takeaway
Russell is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Russell, MA
How much do homes in Russell, MA cost?
Median Sold Price
$390,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$118,000(+43.4%)
Key Takeaway
Homes in Russell have sold for 43.4% more than they did a year ago.
Summary: The median home sold price in Russell was $390,000 in November 2024, up 43.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $105K | -50.0% |
| 3 Bedrooms | $346K | $380K | +9.8% |
| 4 Bedrooms | $335K | $405K | +20.9% |
| 5+ Bedrooms | $288K | $390K | +35.4% |
Summary: Russell housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 35.4%.
Median Sold Price Compared To Nearby Cities
| Russell | $272K | $390K | +43.4% |
| Westfield | $312.8K | $350K | +11.9% |
| Huntington | $281.2K | $297.5K | +5.8% |
Housing Supply in Russell, MA
How many homes are available in Russell, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Russell real estate market had 6 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Russell 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Russell, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Russell in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Russell, MA
How long does it take to sell a home in Russell, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 23 Days | +119.0% |
Summary: Homes in Russell had an average of 23 days on market in Nov 2024, up by 119% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Russell are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Russell; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
