New - 7 days on Rocket
$10,000 Closing Credit¹
#73328837, Team Suzanne and Company, Listing Office: Compass
02478 Housing Market Report December 2024•Middlesex County, Massachusetts
Housing Prices in 02478, MA
How much do homes in 02478, MA cost?
Housing Market Conditions
Is 02478, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
02478 is a Seller's Market
Difference Since December 2023
Since last year, 02478 has remained a Seller's Market.
Insight
02478 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$1,358,000$604/SqFt
+$108,000
+8.6%
Based on all homes sold in the last 12 months
Insight
Homes in 02478 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 02478 was $1,358,000 in December 2024, up 8.6% from last year, and the median price per square foot was $604.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $440K | $787.5K | +79.0% |
| 22 Bedrooms | $685K | $735K | +7.3% |
| 33 Bedrooms | $1.1M | $1.2M | +9.9% |
| 44 Bedrooms | $1.5M | $1.4M | -6.5% |
| 55+ Bedrooms | $1.6M | $1.5M | -3.4% |
Summary: 02478 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +79.0%. The home price for 2 bedroom homes increased by +7.3%. The home price for 3 bedroom homes increased by +9.9%. The home price for 4 bedroom homes decreased by -6.5%. The home price for 5 bedroom homes decreased by -3.4%.
Housing supply in 02478, MA
How many homes are available in 02478, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 41Last MonthDec 2024 | ||
| 612 months agoNov 2024 | -32.8 % Change MoMNov – Dec |
Summary: The 02478 real estate market had 41 homes for sale in Dec 2024, a 32.8 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 12Last MonthDec 2024 | ||
| 232 months agoNov 2024 | -47.8 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 5 | 3 | -40.0% |
| 33 Bedrooms | 22 | 13 | -40.9% |
| 44 Bedrooms | 12 | 10 | -16.7% |
| 55+ Bedrooms | 22 | 15 | -31.8% |
Summary: 02478 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -40.0%. The inventory for 3 bedroom homes decreased by -40.9%. The inventory for 4 bedroom homes decreased by -16.7%. The inventory for 5 bedroom homes decreased by -31.8%.
Asking Price vs. Sold Price
How much do homes in 02478, MA cost?
Over Asking Price9 Homes
At Asking Price0 Home
Under Asking Price3 Homes
Insight
If you're buying a home in 02478, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 02478 in December 2024, down by 47.8% month-over-month. Of the 12 sold homes, 25% were sold under asking, 0% were sold at asking, and and 75% were sold over asking.
Days on Market for 02478, MA
How long does it take to sell a home in 02478, MA?
Breakdown of Home Sale Times
Under 30 Days10 Homes
30 – 90 Days1 Home
Over 90 Days1 Home
Insight
Many homes in 02478 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 12 homes were sold in 02478; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 27 DaysThis YearDec 2024 | ||
| 28 Days1 year agoDec 2023 | -3.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in 02478 had an average listing age of 27 days in Dec 2024, down by 3.1% compared to the previous year.
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Newest Listings in 02478, MA
What homes are available in 02478, MA?
$10,000 Closing Credit¹
#73327734, Hans Brings RESULTS, Listing Office: Coldwell Banker Realty - Waltham
$10,000 Closing Credit¹
#73326408, Lori Orchanian, Listing Office: Coldwell Banker Realty - Belmont
$10,000 Closing Credit¹
#73321767, Ricardo Veiga, Listing Office: Armory Realty
#73318826, Todd Glaskin, Listing Office: Coldwell Banker Realty - Newton
Backup offers
$7,113 Closing Credit¹
#73315764, Laura Sheedy, Listing Office: Homeowners Assistance Program, LLC
Backup offers
$10,000 Closing Credit¹
#73303989, Nathan Long, Listing Office: Coldwell Banker Realty - Cambridge
#73303600, The Sarkis Team, Listing Office: Douglas Elliman Real Estate - The Sarkis Team
$4,750 Closing Credit¹
#73276590, Adriana Poole, Listing Office: Coldwell Banker Realty - Belmont
#73230555, David Hurley, Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
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MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., for the period 01/01/2023 - 01/01/2025
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: 1/31/2025, 6:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.