Is Suffolk County, 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, Suffolk County has remained a Seller's Market.
Key Takeaway
Suffolk County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Suffolk County, MA
How much do homes in Suffolk County, MA cost?
Median Sold Price
$776,041
$605/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Suffolk County have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Suffolk County was $776,041 in April 2024, up 3.5% from last year, and the median price per square foot was $605.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $572.6K | $578.2K | +1.0% |
| 2 Bedrooms | $700.3K | $746.1K | +6.5% |
| 3 Bedrooms | $750K | $771K | +2.8% |
| 4 Bedrooms | $824.6K | $846.6K | +2.7% |
| 5+ Bedrooms | $983K | $1.0M | +3.1% |
Summary: Suffolk County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Counties
| Middlesex County | $713.1K | $773.8K | +8.5% |
| Norfolk County | $650.9K | $699.2K | +7.4% |
| Essex County | $599.9K | $629.6K | +5.0% |
| Suffolk County | $749.6K | $776K | +3.5% |
Housing Supply in Suffolk County, MA
How many homes are available in Suffolk County, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,834 | 2,257 | +23.1% |
Summary: The Suffolk County real estate market had 2,257 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 322 | 426 | +32.3% |
| 2 Bedrooms | 660 | 852 | +29.1% |
| 3 Bedrooms | 414 | 470 | +13.5% |
| 4 Bedrooms | 178 | 222 | +24.7% |
| 5+ Bedrooms | 260 | 287 | +10.4% |
Summary: The Suffolk County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 32.3%, 2 bedroom homes increased by 29.1%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes increased by 10.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 357 | 407 | +14.0% |
Asking Price vs. Sold Price
181 Homes Were Sold
Under Asking
70 Homes Were Sold
At Asking
156 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suffolk County, you may be able to get a good deal. 44.5% of homes here sold below asking price last month.
Summary: A total of 407 homes were sold or pending in Suffolk County in April 2024, up by 14.0% month-over-month. Of the 407 sold homes, 44% were sold under asking, 17% were sold at asking, and 38% were sold over asking.
Days on Market for Suffolk County, MA
How long does it take to sell a home in Suffolk County, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 39 Days | -16.3% |
Summary: Homes in Suffolk County had an average of 39 days on market in Apr 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
277 Homes Were Sold
Under 30 Days
82 Homes Were Sold
In 30 - 90 Days
48 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Suffolk County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 407 homes were sold in Suffolk County; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
