Is Hanson, 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, Hanson has remained a Seller's Market.
Key Takeaway
Hanson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hanson, MA
How much do homes in Hanson, MA cost?
Median Sold Price
$560,000
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hanson have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Hanson was $560,000 in May 2024, up 14.3% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $368.7K | $401K | +8.7% |
| 2 Bedrooms | $384K | $427.5K | +11.3% |
| 3 Bedrooms | $504.5K | $540K | +7.0% |
| 4 Bedrooms | $650K | $650K | 0.0% |
| 5+ Bedrooms | $735K | $842.5K | +14.6% |
Summary: Hanson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 14.6%.
Housing Supply in Hanson, MA
How many homes are available in Hanson, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 28 | +21.7% |
Summary: The Hanson real estate market had 28 homes for sale in May 2024, a 21.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hanson 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 remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hanson, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Hanson in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Hanson, MA
How long does it take to sell a home in Hanson, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 75 Days | +241.7% |
Summary: Homes in Hanson had an average of 75 days on market in May 2024, up by 241.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hanson are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Hanson; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
