$8,786 Closing Credit*
$739,900
1,475 SqFt
3 Beds
•2 Full Baths
#73319153, Thomas Amero, Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
Is Saugus, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Saugus has remained a Seller's Market.
Key Takeaway
Saugus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saugus, MA
How much do homes in Saugus, MA cost?
Median Sold Price
$626,666
$391/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,333(+5.1%)
Key Takeaway
Homes in Saugus have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Saugus was $626,666 in November 2024, up 5.1% from last year, and the median price per square foot was $391.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $341K | $364.9K | +7.0% |
| 2 Bedrooms | $481.2K | $525K | +9.1% |
| 3 Bedrooms | $610K | $630K | +3.3% |
| 4 Bedrooms | $650K | $753K | +15.8% |
| 5+ Bedrooms | $788K | $885K | +12.3% |
Summary: Saugus housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 12.3%.
Housing Supply in Saugus, MA
How many homes are available in Saugus, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 54 | -33.3% |
Summary: The Saugus real estate market had 54 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 9 | -35.7% |
| 3 Bedrooms | 38 | 26 | -31.6% |
| 4 Bedrooms | 24 | 17 | -29.2% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Saugus housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes decreased by 29.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 18 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saugus, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Saugus in November 2024, down by 40.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Saugus, MA
How long does it take to sell a home in Saugus, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 20 Days | +13.5% |
Summary: Homes in Saugus had an average of 20 days on market in Nov 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saugus are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Saugus; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
