$10,000 Closing Credit*
$1,159,000
4,083 SqFt
4 Beds
•3 Full Baths
#73317160, Karen Evans, 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 November 2023
Since last year, Topsfield has remained a Seller'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
$890,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+6.6%)
Key Takeaway
Homes in Topsfield have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Topsfield was $890,000 in November 2024, up 6.6% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399K | $425K | +6.5% |
| 2 Bedrooms | $565K | $694.5K | +22.9% |
| 3 Bedrooms | $722K | $808.2K | +11.9% |
| 4 Bedrooms | $920K | $987.5K | +7.3% |
| 5+ Bedrooms | $730K | $1.1M | +57.5% |
Summary: Topsfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 57.5%.
Median Sold Price Compared To Nearby Cities
| Hamilton | $773.2K | $910K | +17.7% |
| South Hamilton | $773.2K | $910K | +17.7% |
| Topsfield | $835K | $890K | +6.6% |
| Boxford | $925K | $925K | 0.0% |
Housing Supply in Topsfield, MA
How many homes are available in Topsfield, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Summary: The Topsfield real estate market had 20 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Topsfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Topsfield, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Topsfield in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 40 Days | -3.8% |
Summary: Homes in Topsfield had an average of 40 days on market in Nov 2024, down by 3.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Topsfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Topsfield; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
