A 251-square-foot home in a Boston suburb is selling for $449,900 in yet another sign of just how crazy the housing market is right now

• A tiny home in the Boston suburb of Newton, Massachusetts, is just 251 square feet.
• Still, the one-bedroom, one-bathroom studio is selling for $449,900.
• The listing is yet another sign that the housing market, though recovering, is still very expensive.

A home in Massachusetts is selling for $449,900. At first glance, that price tag doesn't seem too out of the ordinary, and it may even be relatively cheap, especially given how expensive the housing market is right now.

But there's a catch: The house measures just 251 square feet.

Located in the Boston suburb of Newton, the property has two rooms total, which are its bedroom and bathroom, according to its listing.

"One of a Kind! Adorable Tiny Studio Home," its listing reads.

The home seems to have undergone a makeover recently, boasting a new kitchenette, new flooring, lighting and electric upgrades, and a fully renovated bathroom.

The listing says the home is a "Great Condo Alternative Ideal for Casual Stays, Guest Home, Meditation, Exercise Room, Storage, or Whatever You Desire."

The home also has a loft with a knee-high ceiling, a ready-to-finish basement, and a small yard outside.

While the house itself is only 251 square feet, its lot measures 2,452 square feet.

Realtor.com says the median listing price for Newton homes on its site is $1.3 million. The Massachusetts Association of Realtors says the median price for single-family homes in August was up to $552,000.

Smaller homes are actually making up an increasingly large part of inventory in a reassuring sign that the housing market is slowly getting better. In July, the proportion of houses for sale that measured between 750 and 1,750 square feet rose to 36.3% from 30.2% last July, according to data from Realtor.com.

Real estate's current seller's market also has homebuyers weighing properties they might not have otherwise considered. In September, a home in Melrose, Massachusetts, went on the market for $399,000 despite being damaged in a fire just weeks ago. In August, a home in Walnut Creek, California, sold for $1 million despite having been nearly destroyed by a fire last year.