Is South Deerfield, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Deerfield is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, South Deerfield has remained a Seller's Market.

Key Takeaway

South Deerfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South Deerfield, MA

How much do homes in South Deerfield, MA cost?

Median Sold Price

$433,619

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,619(+8.4%)

Key Takeaway

Homes in South Deerfield have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in South Deerfield was $433,619 in November 2024, up 8.4% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $325K$328.5K
+1.1%
3 $380K$440K
+15.8%
4 $544.4K$525K
-3.6%
5+ $772.5K$275K
-64.4%

Summary: South Deerfield 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 increased by 1.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 64.4%.

Median Sold Price Compared To Nearby Cities

Deerfield
+14.1%
South Deerfield
+8.4%
Sunderland
-3.5%

Housing Supply in South Deerfield, MA

How many homes are available in South Deerfield, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1216+33.3%

Summary: The South Deerfield real estate market had 16 homes for sale in November 2024, a 33.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 68
+33.3%
4 14
+300.0%
5+ 22
0.0%

Summary: The South Deerfield 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 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Deerfield, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in South Deerfield in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for South Deerfield, MA

How long does it take to sell a home in South Deerfield, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days44 Days-0.8%

Summary: Homes in South Deerfield had an average of 44 days on market in Nov 2024, down by 0.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Deerfield are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in South Deerfield; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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