Is Revere, 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, Revere has remained a Seller's Market.
Key Takeaway
Revere is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Revere, MA
How much do homes in Revere, MA cost?
Median Sold Price
$600,000
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Revere have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Revere was $600,000 in April 2024, down 3.6% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $335K | +8.1% |
| 2 Bedrooms | $459.4K | $490K | +6.6% |
| 3 Bedrooms | $577.5K | $590K | +2.2% |
| 4 Bedrooms | $700K | $682.5K | -2.5% |
| 5+ Bedrooms | $820K | $832.5K | +1.5% |
Summary: Revere housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in Revere, MA
How many homes are available in Revere, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 94 | +4.4% |
Summary: The Revere real estate market had 94 homes for sale in April 2024, a 4.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 5 | -54.5% |
| 2 Bedrooms | 21 | 24 | +14.3% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Revere housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 54.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Revere, you could pay more than the asking price. 53.6% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Revere in April 2024, the same as the previous month. Of the 28 sold homes, 39% were sold under asking, 7% were sold at asking, and 54% were sold over asking.
Days on Market for Revere, MA
How long does it take to sell a home in Revere, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 24 Days | -11.9% |
Summary: Homes in Revere had an average of 24 days on market in Apr 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Revere are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Revere; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
