$9,499 Closing Credit*
$799,900
2,654 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73312366, Nancy Judge, Listing Office: Keller Williams Realty Evolution
Is Topsfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Topsfield was a Buyer's Market.
Key Takeaway
Topsfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Topsfield, MA
How much do homes in Topsfield, MA cost?
Median Sold Price
$858,750
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,750(+4.1%)
Key Takeaway
Homes in Topsfield have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Topsfield was $858,750 in October 2024, up 4.1% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399K | $425K | +6.5% |
| 2 Bedrooms | $570K | $815K | +43.0% |
| 3 Bedrooms | $711K | $805.1K | +13.2% |
| 4 Bedrooms | $925K | $965K | +4.3% |
| 5+ Bedrooms | $915K | $1.0M | +19.1% |
Summary: Topsfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 43%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 19.1%.
Median Sold Price Compared To Nearby Cities
| South Hamilton | $719K | $900K | +25.2% |
| Hamilton | $727.2K | $905K | +24.4% |
| Wenham | $960K | $1.1M | +17.2% |
| Topsfield | $825K | $858.7K | +4.1% |
| Boxford | $915K | $934K | +2.1% |
Housing Supply in Topsfield, MA
How many homes are available in Topsfield, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Topsfield real estate market had 27 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Topsfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Topsfield, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Topsfield in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Topsfield, MA
How long does it take to sell a home in Topsfield, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 31 Days | +54.7% |
Summary: Homes in Topsfield had an average of 31 days on market in Oct 2024, up by 54.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Topsfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Topsfield; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
