Is Agawam, 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, Agawam has remained a Seller's Market.
Key Takeaway
Agawam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Agawam, MA
How much do homes in Agawam, MA cost?
Median Sold Price
$305,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Agawam have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Agawam was $305,000 in May 2024, up 11.4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124K | $157K | +26.6% |
| 2 Bedrooms | $243.9K | $250K | +2.5% |
| 3 Bedrooms | $285K | $336.2K | +18.0% |
| 4 Bedrooms | $331K | $390K | +17.8% |
| 5+ Bedrooms | $470K | $487.5K | +3.7% |
Summary: Agawam housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.6%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Agawam | $273.7K | $305K | +11.4% |
| Agawam Town | $297K | $326.6K | +10.0% |
| Feeding Hills | $340K | $350K | +2.9% |
| West Springfield Town | $300K | $305K | +1.7% |
| Longmeadow | $465K | $461.5K | -0.8% |
Housing Supply in Agawam, MA
How many homes are available in Agawam, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 49 | +14.0% |
Summary: The Agawam real estate market had 49 homes for sale in May 2024, a 14.0% 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 | 18 | 23 | +27.8% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Agawam 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 27.8%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Agawam, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Agawam in May 2024, up by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Agawam, MA
How long does it take to sell a home in Agawam, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 15 Days | +4.2% |
Summary: Homes in Agawam had an average of 15 days on market in May 2024, up by 4.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Agawam are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Agawam; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
