Is Topsfield, 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, Topsfield has remained a Seller's Market.
Key Takeaway
Topsfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Topsfield, MA
How much do homes in Topsfield, MA cost?
Median Sold Price
$872,500
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Topsfield have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Topsfield was $872,500 in May 2024, up 15.6% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399K | $425K | +6.5% |
| 2 Bedrooms | $599.7K | $702.5K | +17.1% |
| 3 Bedrooms | $672.5K | $765K | +13.8% |
| 4 Bedrooms | $875K | $940K | +7.4% |
| 5+ Bedrooms | $1.3M | $975K | -27.8% |
Summary: Topsfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 27.8%.
Median Sold Price Compared To Nearby Cities
| Wenham | $900K | $1.1M | +33.1% |
| South Hamilton | $715K | $870K | +21.7% |
| Hamilton | $719K | $872.5K | +21.3% |
| Topsfield | $755K | $872.5K | +15.6% |
| Boxford | $899.9K | $927K | +3.0% |
Housing Supply in Topsfield, MA
How many homes are available in Topsfield, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Summary: The Topsfield real estate market had 24 homes for sale in May 2024, a 41.2% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Topsfield 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 25%, 3 bedroom homes increased by 133.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Topsfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Topsfield in May 2024, up by 300.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Topsfield, MA
How long does it take to sell a home in Topsfield, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 28 Days | +75.2% |
Summary: Homes in Topsfield had an average of 28 days on market in May 2024, up by 75.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Topsfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Topsfield; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
