$5,936 Closing Credit*
$499,900
1,225 SqFt
2 Beds
•2 Full Baths
#73312696, Kevin Sexton, Listing Office: William Raveis R.E. & Home Services
Is Saugus, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$625,000
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+4.2%)
Key Takeaway
Homes in Saugus have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Saugus was $625,000 in October 2024, up 4.2% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $341K | $364.9K | +7.0% |
| 2 Bedrooms | $483.7K | $520K | +7.5% |
| 3 Bedrooms | $610K | $635K | +4.1% |
| 4 Bedrooms | $640K | $753K | +17.7% |
| 5+ Bedrooms | $788K | $878.5K | +11.5% |
Summary: Saugus housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in Saugus, MA
How many homes are available in Saugus, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 79 | -9.2% |
Summary: The Saugus real estate market had 79 homes for sale in October 2024, a 9.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 39 | 38 | -2.6% |
| 4 Bedrooms | 27 | 22 | -18.5% |
| 5+ Bedrooms | 8 | 4 | -50.0% |
Summary: The Saugus housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saugus, you could pay more than the asking price. 53.6% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Saugus in October 2024, down by 12.5% month-over-month. Of the 28 sold homes, 36% were sold under asking, 11% were sold at asking, and 54% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 27 Days | +47.3% |
Summary: Homes in Saugus had an average of 27 days on market in Oct 2024, up by 47.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 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 October 2024, 28 homes were sold in Saugus; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
