Is Amherst, 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, Amherst has remained a Seller's Market.
Housing Prices in Amherst, MA
How much do homes in Amherst, MA cost?
Median Sold Price
$469,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Amherst was $469,000 in April 2024, up 1.3% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $204K | $198.4K | -2.7% |
2 Bedrooms | $260K | $285K | +9.6% |
3 Bedrooms | $430K | $417.4K | -2.9% |
4 Bedrooms | $551K | $562K | +2.0% |
5+ Bedrooms | $733K | $745K | +1.6% |
Summary: Amherst housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
Granby | $299.9K | $355K | +18.3% |
Amherst | $463K | $469K | +1.3% |
Hadley | $550K | $546K | -0.7% |
Housing Supply in Amherst, MA
How many homes are available in Amherst, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 60 | +46.3% |
Summary: The Amherst real estate market had 60 homes for sale in April 2024, a 46.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 10 | 17 | +70.0% |
4 Bedrooms | 18 | 24 | +33.3% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Amherst housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 70%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Amherst in April 2024, up by 33.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Amherst, MA
How long does it take to sell a home in Amherst, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 33 Days | +36.6% |
Summary: Homes in Amherst had an average of 33 days on market in Apr 2024, up by 36.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Amherst; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.