Northbridge MA Real Estate Market Report May 2015

Northbridge Massachusetts Real Estate Report May 2015

Do you want to see what has gone on in the Northbridge Real Estate market for the month of May along with year over year comparisons? Take a look at our reporting of the Northbridge MA market. While you are here looking at the market data take a peek at the guide to Northbridge Mass, where you will find out why Northbridge is a popular choice for home buyers including information on town history, schools, demographics and more.

Northbridge MA Real Estate

Northbridge Real Estate Activity For April 2015 vs April 2014

In May of 2015 there were 16 homes that closed within the month for Northbridge MA Real Estate. This is an increase of 2 units, as there were 14 homes that closed in May of 2014.

The average list price for the homes that closed in May of 2014 was $299,836

The average list price for the homes that closed in May of 2015 was $365,025

The average sale price for the homes that closed in May of 2014 was $291,750

The average sale price for the homes that closed in May of 2015 was $359,979

The average market time for the homes that closed in May of 2014 was 66 days.

The average market time for the homes that closed in May of 2015 was 106 days.

Homes Under Contract For May 2015

10 homes went under agreement in the month of May. The average list price of the homes that went under agreement was $303,200. The average time on the market for these homes were 29 days. May was an excellent month for homes going under agreement.

January 2012 – 2014 Final Year Real Estate Market Statistics For Northbridge Massachusetts

For the period of January to December of 2014 there were 129 properties sold.

For the period of January to December of 2013 there were 144 properties sold.

For the period of January to December of 2012 there were 120 properties sold.

For the period of January to December in 2014 the average list price was $320,197 the average sale price was $314,844 the average market time was 126 days.

For the period of January to December in 2013 the average list price was $320,958 the average sale price was $316,448 the average market time was 127 days.

For the period of January to December in 2012 the average list price was $299,841 the average sale price was $286,407 and the average market time was 127 days.

Current May 2015 Home For Sale Inventory Levels

The are currently 68 homes on the market in Northbridge MA. This is eleven more homes for sale as last month when there was also 57 homes available. The average list price of these homes is $364,810. The average days on the market is 146. Inventory of homes for sale has risen the last two months as is typically the case for this time of year.

Northbridge MA Real Estate Market Analysis

Analysis of the Current Real Estate Market.

The market activity in May for sold properties was up from last year with 16 vs 14. So far this year sales have lagged behind the performance of last year and by a significant margin. This is due in part to the terrible winter slowing down sales for the first few months of the year.

The amount of pending transactions this month was decent with 11.

Inventory has continued to rise over the last few months and sales have not kept pace. Moving forward the amount of sales should continue to increase however as we are in a favorable time of year to sell a home.

Through May there have been 33 sales which is down from last year at this time when there were 48 sales.

2014 sales vs 2013 sales

There were 129 sales in Northbridge in 2014. This was down from 2013 when there were 144 sales.

The above Northbridge Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

Click the link to see all Northbridge Mass properties for sale.

Related Articles

See the Northbridge real estate report for April 2015.

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