Is Agawam, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Agawam has remained a Seller's Market.
Key Takeaway
Agawam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Agawam, MA
How much do homes in Agawam, MA cost?
Median Sold Price
$301,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Agawam have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Agawam was $301,000 in April 2024, up 11.5% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124K | $179.7K | +45.0% |
| 2 Bedrooms | $236K | $240K | +1.7% |
| 3 Bedrooms | $285K | $335K | +17.5% |
| 4 Bedrooms | $326K | $412K | +26.4% |
| 5+ Bedrooms | $440K | $487.5K | +10.8% |
Summary: Agawam housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Agawam | $270K | $301K | +11.5% |
| Agawam Town | $297K | $323.3K | +8.9% |
| West Springfield Town | $300K | $310K | +3.3% |
| Feeding Hills | $345K | $350K | +1.4% |
| Longmeadow | $465K | $463.2K | -0.4% |
Housing Supply in Agawam, MA
How many homes are available in Agawam, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 41 | +13.9% |
Summary: The Agawam real estate market had 41 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The Agawam housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Agawam, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Agawam in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Agawam, MA
How long does it take to sell a home in Agawam, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 21 Days | +34.7% |
Summary: Homes in Agawam had an average of 21 days on market in Apr 2024, up by 34.7% compared to last year.
Breakdown of Home Sale Times
6 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 Agawam are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Agawam; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
