02109 Housing Market Report December 2024•Suffolk County, Massachusetts

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Housing Prices in 02109, MA

How much do homes in 02109, MA cost?

Housing Market Conditions

Is 02109, MA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

02109 is a Seller's Market

Difference Since November 2024

Last month, 02109 has remained a Seller's Market.

Insight

02109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$696,000$963/SqFt
+$6,000
+0.9%

Based on all homes sold in December 2024

Insight

Homes in 02109 have sold for 0.9% more than they did a month ago.

Summary: The median home sold price in 02109 was $696,000 in December 2024, up 0.9% from last month, and the median price per square foot was $963.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1$580K$640K
+10.3%
2$745K$722.5K
-3.0%
3-$1.9M
N/A
4--
N/A
5--
N/A

Summary: 02109 housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes increased by +10.3%. The home price for 2 bedroom homes decreased by -3.0%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 02109, MA

How many homes are available in 02109, MA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
15Last MonthDec 2024
202 months agoNov 2024
-25.0 %
Change MoMNov – Dec

Summary: The 02109 real estate market had 15 homes for sale in Dec 2024, a 25.0 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthDec 2024
52 months agoNov 2024
+40.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
142
-50.0%
2129
-25.0%
322
0.0%
411
0.0%
511
0.0%

Summary: 02109 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 02109, MA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price2 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in 02109, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 02109 in December 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and and 29% were sold over asking.

Days on Market for 02109, MA

How long does it take to sell a home in 02109, MA?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days4 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in 02109 has remained consistent over time.

Summary: During December 2024, 7 homes were sold in 02109; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
43 DaysLast MonthDec 2024
23 Days1 month agoNov 2024
+88.4 %
Change MoMNov – Dec

Summary: Homes in 02109 had an average listing age of 43 days in Dec 2024, up by 88.4% compared to the previous month.

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Newest Listings in 02109, MA

What homes are available in 02109, MA?

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MLS Disclaimers and Copyright

Based on information from MLS Property Information Network Inc., for the period 11/01/2024 - 01/01/2025

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: 1/27/2025, 9:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.