Is Saugus, 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, Saugus has remained a Seller's Market.
Key Takeaway
Saugus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saugus, MA
How much do homes in Saugus, MA cost?
Median Sold Price
$610,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saugus have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Saugus was $610,000 in May 2024, up 1.7% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $372.5K | +24.2% |
| 2 Bedrooms | $490K | $482.4K | -1.6% |
| 3 Bedrooms | $597K | $627.5K | +5.1% |
| 4 Bedrooms | $677K | $742.5K | +9.7% |
| 5+ Bedrooms | $845K | $857.5K | +1.5% |
Summary: Saugus housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.2%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in Saugus, MA
How many homes are available in Saugus, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 72 | +14.3% |
Summary: The Saugus real estate market had 72 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 31 | 40 | +29.0% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Saugus housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 29%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saugus, you could pay more than the asking price. 90% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Saugus in May 2024, up by 42.9% month-over-month. Of the 20 sold homes, 10% were sold under asking, 0% were sold at asking, and 90% were sold over asking.
Days on Market for Saugus, MA
How long does it take to sell a home in Saugus, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 19 Days | 0.3% |
Summary: Homes in Saugus had an average of 19 days on market in May 2024, up by 0.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saugus are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Saugus; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
