Byron R Ford, Jr., a top-performing Massachusetts real estate agent with nearly 20 years of experience, advises sellers to carefully weigh these pros and cons and decide if the speed and convenience are worth giving up a portion of their profits. “House flippers and cash buyers are not going to necessarily be a seller’s best offer.”
His advice: talk to an experienced agent in your Massachusetts city before you commit to a cash-for-homes company.
Option 2: Hire a top Massachusetts real estate agent
While a quick sale is often a top priority, it’s also wise to maximize your return on investment when selling your Massachusetts home. Working with a top real estate agent in the state can offer numerous benefits that not only facilitate a rapid sale but also ensure you achieve the best possible price for your property.
Let’s take a quick look at the current market conditions in the Bay State, explore the advantages of selling with an experienced real estate professional, and learn how to identify a top-performing agent in your Massachusetts locale.
How fast are homes selling in Massachusetts?
Understanding the current housing market dynamics in Massachusetts can offer you helpful insights if you’re looking to sell your home quickly. The median days on market (DOM) — the time it typically takes from listing a house to having a signed contract — and the median home sale prices are key indicators of these market conditions.
In 2023, the median DOM in Massachusetts shows a slight increase compared to the previous year, indicating that homes are taking a bit longer to go under contract. However, even with this uptick, the DOM figures are still relatively low, which is promising for homeowners who want to sell quickly. It’s important to remember that the time from going under contract to closing is typically an additional 44 days, the time that a buyer needs to close on a purchase loan.
While these figures indicate that most Massachusetts homes move from listing to contract within a month, Ford says you can sell faster. “The key to selling a house in Massachusetts right now is the price. If it’s priced right, it’s going to sell because there are a lot more buyers than there is inventory. The homes that are priced right can [get a contract] within the first week.”
The following data tables will provide a clearer picture of DOM trends by month, as well as sale price trends across Massachusetts. (Source: HomeLight)
Median DOM trends in Massachusetts
|Month||Median DOM (2022)||Median DOM (2023)|
Does not include the typical 44 days a buyer needs to close on a purchase loan.
Median sale price trends in Massachusetts
|Month||Median Sale Price (2022)||Median Sale Price (2023)|
Benefits of selling with a top Massachusetts agent
Here are some key benefits of partnering with a top Massachusetts real estate agent: