Is Randolph, 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, Randolph has remained a Seller's Market.
Key Takeaway
Randolph is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Randolph, MA
How much do homes in Randolph, MA cost?
Median Sold Price
$526,666
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Randolph have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Randolph was $526,666 in May 2024, up 5.3% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $240K | +9.1% |
| 2 Bedrooms | $387.5K | $345K | -11.0% |
| 3 Bedrooms | $500K | $517.7K | +3.5% |
| 4 Bedrooms | $578K | $640K | +10.7% |
| 5+ Bedrooms | $635K | $790.9K | +24.6% |
Summary: Randolph housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 11%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Cities
| Holbrook | $474K | $515K | +8.6% |
| Randolph | $500K | $526.6K | +5.3% |
| Braintree Town | $623.5K | $655.6K | +5.2% |
| Braintree | $625K | $656K | +5.0% |
| Quincy | $615K | $641.8K | +4.4% |
Housing Supply in Randolph, MA
How many homes are available in Randolph, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 72 | +30.9% |
Summary: The Randolph real estate market had 72 homes for sale in May 2024, a 30.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 24 | 33 | +37.5% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Randolph housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Randolph, you could pay more than the asking price. 82.4% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Randolph in May 2024, down by 5.6% month-over-month. Of the 17 sold homes, 12% were sold under asking, 6% were sold at asking, and 82% were sold over asking.
Days on Market for Randolph, MA
How long does it take to sell a home in Randolph, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 25 Days | +48.3% |
Summary: Homes in Randolph had an average of 25 days on market in May 2024, up by 48.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Randolph are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Randolph; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
