Is Pepperell, 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, Pepperell has remained a Seller's Market.
Key Takeaway
Pepperell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pepperell, MA
How much do homes in Pepperell, MA cost?
Median Sold Price
$511,500
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pepperell have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Pepperell was $511,500 in May 2024, up 1.1% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $322.5K | $322.5K | 0.0% |
| 3 Bedrooms | $475K | $500K | +5.3% |
| 4 Bedrooms | $637.5K | $675K | +5.9% |
| 5+ Bedrooms | $555K | $595K | +7.2% |
Summary: Pepperell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in Pepperell, MA
How many homes are available in Pepperell, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Summary: The Pepperell real estate market had 29 homes for sale in May 2024, a 11.5% 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 | 6 | +20.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pepperell 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 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pepperell, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Pepperell in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 0% were sold under asking, 13% were sold at asking, and 88% were sold over asking.
Days on Market for Pepperell, MA
How long does it take to sell a home in Pepperell, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 12 Days | -46.4% |
Summary: Homes in Pepperell had an average of 12 days on market in May 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pepperell are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Pepperell; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
