Is Suffolk County, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Suffolk County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Suffolk County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Suffolk County, MA

How much do homes in Suffolk County, MA cost?

Median Sold Price

$788,975

$614/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,148(+3.7%)

Key Takeaway

Homes in Suffolk County have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Suffolk County was $788,975 in November 2024, up 3.7% from last year, and the median price per square foot was $614.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $575.2K$591.7K
+2.9%
2 $731.4K$748.6K
+2.4%
3 $760K$790.1K
+4.0%
4 $827.3K$899K
+8.7%
5+ $989K$1.1M
+11.2%

Summary: Suffolk County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 11.2%.

Median Sold Price Compared To Nearby Counties

Essex County
+7.1%
Norfolk County
+6.2%
Middlesex County
+5.0%
Suffolk County
+3.7%

Housing Supply in Suffolk County, MA

How many homes are available in Suffolk County, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2,1911,978-9.7%

Summary: The Suffolk County real estate market had 1,978 homes for sale in November 2024, a 9.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 366328
-10.4%
2 773700
-9.4%
3 514466
-9.3%
4 209186
-11.0%
5+ 329298
-9.4%

Summary: The Suffolk County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.4%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes decreased by 9.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
416367-11.8%

Asking Price vs. Sold Price

191 Homes Were Sold
Under Asking

61 Homes Were Sold
At Asking

115 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Suffolk County, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 367 homes were sold or pending in Suffolk County in November 2024, down by 11.8% month-over-month. Of the 367 sold homes, 52% were sold under asking, 17% were sold at asking, and 31% were sold over asking.

Days on Market for Suffolk County, MA

How long does it take to sell a home in Suffolk County, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days39 Days-7.1%

Summary: Homes in Suffolk County had an average of 39 days on market in Nov 2024, down by 7.1% compared to last year.

Breakdown of Home Sale Times

223 Homes Were Sold
Under 30 Days

103 Homes Were Sold
In 30 - 90 Days

41 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 367 homes were sold in Suffolk County; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% 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 20 Days Ago

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Newest Listings in Suffolk County, MA

Nearby Markets to Suffolk County, MA

What housing markets are near Suffolk County, MA?

MLS Disclaimers and Copyright

Based on information from MLS Property Information Network Inc. for the period 12/01/2022 - 12/01/2024

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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