Northbridge Massachusetts Real Estate Report November 2015
Do you want to see what has taken place in the Northbridge Real Estate market for the month of November 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 my real estate agents guide to Northbridge Mass, where you will find out why the town is a popular choice for home buyers looking for a good value, including information on town history, schools, demographics and more.
Northbridge Real Estate Activity For November 2015 vs November 2014
In November of 2015 there were 13 homes that closed within the month for Northbridge MA Real Estate. This is an decrease of 3 units, as there were 10 homes that closed in November of 2014.
The average list price for the homes that closed in November of 2014 was $319,440
The average list price for the homes that closed in November of 2015 was $374,538
The average sale price for the homes that closed in November of 2014 was $321,814
The average sale price for the homes that closed in November of 2015 was $376,473
The average market time for the homes that closed in November of 2014 was 27 days.
The average market time for the homes that closed in November of 2015 was 62 days.
Homes Under Contract For November 2015
9 homes went under agreement in the month of November. The average list price of the homes that went under agreement was $329,489. The average time on the market for these homes were 182 days. November was a decent month for homes going under agreement given the time of year.
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 November 2015 Home For Sale Inventory Levels
The are currently 46 homes on the market in Northbridge MA. This is ten less homes for sale than last month when there were 56 homes available. The average list price of these homes is $347,185. The average days on the market is 187. Inventory of homes for sale has been trending between 55 to 65 homes for sale over the last few months. I expect inventory however to decrease over the next few months as many people will hold of selling until after the holidays or even spring time.
Northbridge MA Real Estate Market Analysis
Analysis of the Current Real Estate Market.
The market activity in November was very similar to last year with 3 more sales. Year to date Northbridge is up from last year with eleven additional sales at this time. The middle to latter half of the year has been very sold which has pushed this years performance ahead of last year. The market activity for the remainder of the year will probably be steady but not spectacular as we have entered a much slower time of year for sales.
The amount of pending transactions this month was average only 9 homes accepting contracts.
Inventory of homes available for purchase has remained in a consistent range over the last few months. There have been 55-65 homes available for purchase. I expect inventory to remain where it is or even continue to drop.
Through November there have been 131 sales which is up from last year at this time when there were 120 sales.
2014 sales vs 2013 sales
There were 129 sales in Northbridge in 2014. This was down from 2013 when there were 140 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.
See the Northbridge real estate report for October 2015. See what is going on month to month in town.