$5,461 Closing Credit*
$459,900
940 SqFt
2 Beds
•2 Full Baths
#73320866, John Ross, Listing Office: Coldwell Banker Realty - Lexington
Is Stoneham, 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, 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
$428/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+8.1%)
Key Takeaway
Homes in Stoneham have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Stoneham was $730,000 in November 2024, up 8.1% from last year, and the median price per square foot was $428.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $364K | +5.5% |
| 2 Bedrooms | $395K | $480K | +21.5% |
| 3 Bedrooms | $714.2K | $750K | +5.0% |
| 4 Bedrooms | $810K | $902.5K | +11.4% |
| 5+ Bedrooms | $890K | $910K | +2.2% |
Summary: Stoneham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Woburn | $664.9K | $746.6K | +12.3% |
| Stoneham | $675K | $730K | +8.1% |
| Wakefield | $703.8K | $760K | +8.0% |
| Winchester | $1.3M | $1.4M | +7.4% |
| Melrose | $806.5K | $830K | +2.9% |
Housing Supply in Stoneham, MA
How many homes are available in Stoneham, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 41 | -25.5% |
Summary: The Stoneham real estate market had 41 homes for sale in November 2024, a 25.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 23 | 13 | -43.5% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Stoneham 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 18.8%, 3 bedroom homes decreased by 43.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was 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. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Stoneham in November 2024, down by 20.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 26 Days | +55.6% |
Summary: Homes in Stoneham had an average of 26 days on market in Nov 2024, up by 55.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were 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 November 2024, 16 homes were sold in Stoneham; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
