Is Amherst, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$469,500
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Amherst was $469,500 in May 2024, down 0.1% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.4K | $191.5K | -0.5% |
2 Bedrooms | $260K | $294.5K | +13.3% |
3 Bedrooms | $435K | $427.5K | -1.7% |
4 Bedrooms | $515K | $575K | +11.7% |
5+ Bedrooms | $731.5K | $730K | -0.2% |
Summary: Amherst housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Granby | $295K | $355K | +20.3% |
Pelham | $439.2K | $465K | +5.9% |
Hadley | $557.4K | $564.1K | +1.2% |
Amherst | $470K | $469.5K | -0.1% |
Housing Supply in Amherst, MA
How many homes are available in Amherst, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 71 | +14.5% |
Summary: The Amherst real estate market had 71 homes for sale in May 2024, a 14.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 24 | 26 | +8.3% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Amherst housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Amherst in May 2024, up by 41.7% month-over-month. Of the 17 sold homes, 24% were sold under asking, 29% were sold at asking, and 47% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 32 Days | -3.9% |
Summary: Homes in Amherst had an average of 32 days on market in May 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Amherst; 82% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.