Is Three Rivers, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Three Rivers is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Three Rivers has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Three Rivers, MA

How much do homes in Three Rivers, MA cost?

Median Sold Price

$285,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$5,000(+1.8%)

Key Takeaway

Homes in Three Rivers have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Three Rivers was $285,000 in September 2024, up 1.8% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $257.5K$240K
-6.8%
3 $273K$285K
+4.4%
4 $285K$327.5K
+14.9%
5+ $337.5K$290K
-14.1%

Summary: Three Rivers housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 14.1%.

Median Sold Price Compared To Nearby Cities

Belchertown
+10.2%
Palmer
+9.4%
Ludlow
+8.6%
Palmer Town
+7.1%
Three Rivers
+1.8%

Housing Supply in Three Rivers, MA

How many homes are available in Three Rivers, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
54-20.0%

Summary: The Three Rivers real estate market had 4 homes for sale in September 2024, a 20.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 10
-100.0%
5+ 11
0.0%

Summary: The Three Rivers housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 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 Three Rivers, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Three Rivers in September 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Three Rivers, MA

How long does it take to sell a home in Three Rivers, MA?

Average Sale Time

Sep 2023Sep 2024CHANGE
19 Days41 Days+115.8%

Summary: Homes in Three Rivers had an average of 41 days on market in Sep 2024, up by 115.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Three Rivers has remained consistent over time.

Summary: During September 2024, 1 homes were sold in Three Rivers; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 29 Days Ago

Newest Listings in Three Rivers, MA

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