$5,688 Closing Credit*
$479,000
1,205 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73314411, Tracey Cleversey, Listing Office: Hive Property Group
Is Stoneham, 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, 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
$727,500
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,500(+9.4%)
Key Takeaway
Homes in Stoneham have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Stoneham was $727,500 in October 2024, up 9.4% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342.5K | $370K | +8.0% |
| 2 Bedrooms | $390K | $470K | +20.5% |
| 3 Bedrooms | $713.5K | $747.5K | +4.8% |
| 4 Bedrooms | $778K | $900K | +15.7% |
| 5+ Bedrooms | $890K | $940K | +5.6% |
Summary: Stoneham housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Woburn | $650K | $738.6K | +13.6% |
| Stoneham | $665K | $727.5K | +9.4% |
| Winchester | $1.3M | $1.4M | +8.8% |
| Wakefield | $701.5K | $750K | +6.9% |
| Melrose | $800K | $832.1K | +4.0% |
Housing Supply in Stoneham, MA
How many homes are available in Stoneham, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 49 | -2.0% |
Summary: The Stoneham real estate market had 49 homes for sale in October 2024, a 2.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Stoneham housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stoneham, you could pay more than the asking price. 68.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Stoneham in October 2024, up by 26.7% month-over-month. Of the 19 sold homes, 26% were sold under asking, 5% were sold at asking, and 68% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 23 Days | +22.1% |
Summary: Homes in Stoneham had an average of 23 days on market in Oct 2024, up by 22.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Stoneham are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Stoneham; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
