MID-YEAR 2024 AUBURN, MA
Real Estate Market Recap

  • Auburn, MA home sales increased by 1% as there were 97 sales in the first half of 2024 compared to 96 in the first half of 2023. Average price increased by 5.9% going from $411,397 in the first half of 2023 to $435,620 in the first half of 2024. These metrics include single families, condos, and multi-families. The categorical breakdowns are listed in the infographic to the right.
  • The number of homes listed in the first half of 2024 compared to the first half of 2023 increased by 20.2%, moving from 99 to 119.
  • The number of pending sales increased by 11.2% with 109 in the first half of 2024 compared to 98 in the first half of 2023.
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2024 midyear Auburn, MA snapshot

2024 Auburn, MA Housing Market Outlook

Traditionally, the first half of the year is a seller’s market as there are fewer listings and a high buyer demand. These factors lead to bidding wars which ultimately drive sale prices up. However, as the year goes on, more and more buyers either find a property or they decide to renew their leases. Additionally, more and more want-to-be sellers begin to list their homes, especially those who are going through lifestyle changes. As such, the latter half of the year typically caters more towards buyers as there are more listings on the market, but fewer buyers. Keeping this in mind, sellers may have to adjust prices to attract more motivated buyers. With mortgage rates steadily in the high 6% – low 7% range, and prices continuing to increase, buyers need to stay prepared and informed so that they can be ready to strike at opportunities, especially if there is an unexpected drop in rates.

Data provided by Warren Group & MLSPin and compared to the prior year.

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