Northbridge Real Estate Market Report December 2015

Northbridge Massachusetts Real Estate Report December 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 review for Northbridge MA, 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 December 2015 vs December 2014

In December of 2015 there were 13 homes that closed within the month for Northbridge MA Real Estate. This is an increase of 4 units, as there were 9 homes that closed in December of 2014.

The average list price for the homes that closed in December of 2014 was $316,256

The average list price for the homes that closed in December of 2015 was $358,054

The average sale price for the homes that closed in December of 2014 was $314,015

The average sale price for the homes that closed in December of 2015 was $350,765

The average market time for the homes that closed in December of 2014 was 102 days.

The average market time for the homes that closed in December of 2015 was 10 days.

Homes Under Contract For December 2015

4 homes went under agreement in the month of December. The average list price of the homes that went under agreement was $259,925. The average time on the market for these homes were 78 days. December was a very slow month for homes going under agreement although not surprising 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 December 2015 Home For Sale Inventory Levels

The are currently 49 homes on the market in Northbridge MA. This is three more homes for sale than last month when there were 46 homes available. The average list price of these homes is $345,769. The average days on the market is 49. 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 December was better than last year with 4 more sales. Northbridge finished the year on a high note with sales beating last year but a fairly wide margin. The middle to latter half of the year was outstanding which really drove up the figures for the year. The market activity over the next few months will more than likely be slower but will steadily improve the closer to spring we get.

The amount of pending transactions this month was poor with only 4 homes accepting contracts.

Inventory of homes available for purchase has remained in a consistent range over the last few months. There have been 50-60 homes available for purchase.  I expect inventory to remain where it is or even continue to drop. This however will change quickly the closer we get to spring.

Northbridge finished the year with 145 sales which was significantly better than 2014 when there 129 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.

Related Articles

See the Northbridge real estate report for November 2015. See what is going on month to month in town.

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