Is Townsend, 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, Townsend has remained a Seller's Market.
Housing Prices in Townsend, MA
How much do homes in Townsend, MA cost?
Median Sold Price
$452,500
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Townsend was $452,500 in May 2024, down 2.4% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121K | $139K | +14.9% |
2 Bedrooms | $290K | $331K | +14.1% |
3 Bedrooms | $455K | $444.6K | -2.3% |
4 Bedrooms | $520K | $546K | +5.0% |
5+ Bedrooms | $790K | $455K | -42.4% |
Summary: Townsend housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 14.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 42.4%.
Median Sold Price Compared To Nearby Cities
Shirley | $460.5K | $477.4K | +3.7% |
Pepperell | $506K | $511.5K | +1.1% |
Townsend | $463.5K | $452.5K | -2.4% |
Housing Supply in Townsend, MA
How many homes are available in Townsend, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 25 | -19.4% |
Summary: The Townsend real estate market had 25 homes for sale in May 2024, a 19.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 17 | 14 | -17.6% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Townsend housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Townsend in May 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Townsend, MA
How long does it take to sell a home in Townsend, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 33 Days | -17.1% |
Summary: Homes in Townsend had an average of 33 days on market in May 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Townsend; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.