What is the median home price in Prospect Hill-Back Bay, Lawrence?

The median home price in Prospect Hill-Back Bay is $429,900, down 22% year-over-year. Homes sell in a median of 21 days. The sale-to-list ratio is 105.37%.

How much does it cost to sell a home in Prospect Hill-Back Bay?

On a $429,900 home in Prospect Hill-Back Bay, a traditional agent charges around 3% — about $12,897. With Ridley Essentials ($999) or Ridley Pro ($3,499), you save $9,398 while getting MLS listing and expert support.

How long does it take to sell a home in Prospect Hill-Back Bay?

The median home in Prospect Hill-Back Bay spends 21 days on market. 42.86% of listings go pending within two weeks. 9 homes sold recently in this neighborhood.

Is Prospect Hill-Back Bay a good neighborhood to sell in right now?

Prospect Hill-Back Bay had 9 homes sell recently at a median of $429,900. Sellers are getting 105.37% of their asking price. 66.67% of homes sold above list price. Ridley's flat fee means you keep more regardless of market conditions.

National/Massachusetts/Lawrence

Prospect Hill-Back Bay · Lawrence, MA

Is Now a Good Time to Sell in Prospect Hill-Back Bay, Lawrence?

The median home in Prospect Hill-Back Bay sells for $429,900 with prices down 22% year-over-year. Ridley's flat fee saves you $9,398.

Prospect Hill-Back Bay Real Estate Market Conditions

57out of 100

Ridley Sell Score

How it's scored →

Moderate

57/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Prospect Hill-Back Bay market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. Massachusetts average is 1.9.

Price MomentumFavors buyers

Prices down 21.836363640000002% year-over-year — vs. 0% statewide.

Seller LeverageFavors sellers

Homes selling at 105.37% of asking — sellers are getting 5.4% above list on average. Massachusetts average is 99.3%.

Bidding ActivityFavors sellers

66.67% of homes selling above list price — 83% above the Massachusetts average of 36.5%.

Sale SpeedFavors sellers

21 median days on market — 19 days faster than the Massachusetts average.

Market UrgencyFavors sellers

42.86% of listings go pending within 2 weeks — vs. 42.5% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Massachusetts average is 20%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$429,900

-22%

Days on Market

Price per Sq Ft

$330

Sale-to-List Ratio

105.37%

Homes Sold

Sold Above List

66.67%

Pending in 2 Weeks

42.86%

Source: public market records

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Personalized pricing signals, demand shifts, and Sell Score changes for Lawrence — delivered monthly.

Your savings

How much can you save selling in Prospect Hill-Back Bay?

$0Estimated savings

That's 6 months of groceries — save 2.2% of your home value

Your Prospect Hill-Back Bay home value

$429,900

$50,000$10M

Traditional Agent (3%)

$12,897

Ridley Pro (flat fee)

$3,499

Ready to sell in Prospect Hill-Back Bay?

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Cost comparison

Cost to sell in Prospect Hill-Back Bay

	Traditional Agent	Best valueRidley Pro	Ridley Essentials
Listing fee	$12,897	$3,499	$999
Buyer agent	$12,0372.8% avg	$8,598~2% avg	$8,598~2% avg
Closing costs (~1.5%)	$6,449	$6,449	$6,449
Total cost	$31,383	$18,546	$16,046
You save	—	$9,398	$11,898

Based on the Prospect Hill-Back Bay median home price of $429,900. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Prospect Hill-Back Bay

A flat fee of $3,499 instead of the typical $12,897 commission — with a dedicated agent at every step.

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Prospect Hill-Back Bay market data so you list at the right price.

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Prospect Hill-Back Bay buyers look — plus a custom Ridley listing page with AI chat.