Northbridge MA Real Estate Market Report October 2015

Northbridge Massachusetts Real Estate Report October 2015

Do you want to see what has taken place in the Northbridge Real Estate market for the month of October 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 MA Real Estate

Northbridge Real Estate Activity For October 2015 vs October 2014

In October of 2015 there were 12 homes that closed within the month for Northbridge MA Real Estate. This is an decrease of 2 units, as there were 14 homes that closed in October of 2014.

The average list price for the homes that closed in October of 2014 was $333,071

The average list price for the homes that closed in October of 2015 was $299,683

The average sale price for the homes that closed in October of 2014 was $327,707

The average sale price for the homes that closed in October of 2015 was $295,421

The average market time for the homes that closed in October of 2014 was 86 days.

The average market time for the homes that closed in October of 2015 was 55 days.

Homes Under Contract For October 2015

7 homes went under agreement in the month of October. The average list price of the homes that went under agreement was $329,157. The average time on the market for these homes were 140 days. October was a below average 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 October 2015 Home For Sale Inventory Levels

The are currently 56 homes on the market in Northbridge MA. This is two less homes for sale than last month when there were 58 homes available. The average list price of these homes is $349,918. The average days on the market is 178. Inventory of homes for sale has been trending between 55 to 65 homes for sale over the last few months.

Northbridge MA Real Estate Market Analysis

Analysis of the Current Real Estate Market.

The market activity in October was very similar to last year with 2 less sales. Year to date Northbridge is up from last year with ten additional sales at this time. The last few months have been very good which has pushed this years performance ahead of last year. The market activity for the remainder of the year will probably be solid but not spectacular as we have entered a much slower time of year for sales.

The amount of pending transactions this month was off with only 7 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. Inventory should remain fairly consistent over the next few months with supply and demand not swinging too widely from one another.

Through October there have been 117 sales which is up from last year at this time when there were 110 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 September 2015. See what is going on month to month in town.

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