$1,959 Closing Credit*
$165,000
2,266 SqFt
9 Beds
•4 Full Baths
#73307345, Derek Greene, Listing Office: The Greene Realty Group
Is Russell, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Russell has remained a Seller's Market.
Key Takeaway
Russell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Russell, MA
How much do homes in Russell, MA cost?
Median Sold Price
$387,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$95,000(+32.5%)
Key Takeaway
Homes in Russell have sold for 32.5% more than they did a year ago.
Summary: The median home sold price in Russell was $387,000 in September 2024, up 32.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $208.7K | $170K | -18.6% |
| 3 Bedrooms | $340.5K | $380K | +11.6% |
| 4 Bedrooms | $365K | $409K | +12.1% |
| 5+ Bedrooms | $471.5K | $390K | -17.3% |
Summary: Russell 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 decreased by 18.6%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 17.3%.
Median Sold Price Compared To Nearby Cities
| Russell | $292K | $387K | +32.5% |
| Westfield | $305.6K | $357.5K | +17.0% |
| Huntington | $303K | $285K | -5.9% |
Housing Supply in Russell, MA
How many homes are available in Russell, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Summary: The Russell real estate market had 5 homes for sale in September 2024, a 66.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Russell 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
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 September 2024, the same as the previous 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 50 Days | 7 Days | -86.1% |
Summary: Homes in Russell had an average of 7 days on market in Sep 2024, down by 86.1% 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 September 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.
