$4,738 Closing Credit*
$399,000
940 SqFt
2 Beds
•2 Full Baths
#73307750, Candor Realty Group, Listing Office: Four Points Real Estate, LLC
Is Stoneham, 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, Stoneham has remained a Seller's Market.
Key Takeaway
Stoneham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stoneham, MA
How much do homes in Stoneham, MA cost?
Median Sold Price
$730,000
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$67,500(+10.2%)
Key Takeaway
Homes in Stoneham have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Stoneham was $730,000 in September 2024, up 10.2% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $344.9K | $365K | +5.8% |
| 2 Bedrooms | $390K | $470K | +20.5% |
| 3 Bedrooms | $714.2K | $745K | +4.3% |
| 4 Bedrooms | $778K | $893K | +14.8% |
| 5+ Bedrooms | $887.5K | $970K | +9.3% |
Summary: Stoneham housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Woburn | $641K | $730K | +13.9% |
| Stoneham | $662.5K | $730K | +10.2% |
| Winchester | $1.3M | $1.4M | +7.7% |
| Wakefield | $701K | $740K | +5.6% |
| Melrose | $803K | $828K | +3.1% |
Housing Supply in Stoneham, MA
How many homes are available in Stoneham, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 47 | 47 | 0.0% |
Summary: The Stoneham real estate market had 47 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 16 | 12 | -25.0% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Stoneham housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 13 | -38.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stoneham, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Stoneham in September 2024, down by 38.1% month-over-month. Of the 13 sold homes, 8% were sold under asking, 31% were sold at asking, and 62% were sold over asking.
Days on Market for Stoneham, MA
How long does it take to sell a home in Stoneham, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 21 Days | 18 Days | -14.2% |
Summary: Homes in Stoneham had an average of 18 days on market in Sep 2024, down by 14.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stoneham are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 13 homes were sold in Stoneham; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
