Is Princeton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Princeton was a Neutral Market.
Key Takeaway
Princeton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Princeton, MA
How much do homes in Princeton, MA cost?
Median Sold Price
$647,450
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Princeton have sold for 29.5% more than they did a year ago.
Summary: The median home sold price in Princeton was $647,450 in May 2024, up 29.5% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | - | N/A |
| 2 Bedrooms | $360K | $450K | +25.0% |
| 3 Bedrooms | $495K | $625K | +26.3% |
| 4 Bedrooms | $583K | $755K | +29.5% |
| 5+ Bedrooms | $740K | $825K | +11.5% |
Summary: Princeton 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 increased by 25%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
| Princeton | $500K | $647.4K | +29.5% |
| Sterling | $500K | $567.3K | +13.5% |
| Westminster | $500K | $526.5K | +5.3% |
| Hubbardston | $415K | $423.5K | +2.1% |
| Jefferson | $441K | $407.5K | -7.6% |
Housing Supply in Princeton, MA
How many homes are available in Princeton, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Princeton real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Princeton 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 16.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Princeton, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Princeton in May 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Princeton, MA
How long does it take to sell a home in Princeton, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 82 Days | 66 Days | -18.7% |
Summary: Homes in Princeton had an average of 66 days on market in May 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Princeton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Princeton; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
