Stow MA Housing Market - Home Sales and Price Up

May single-family home sales and prices were up in Stow. There were 7 closed sales during the month of May 2010 compared with only 3 during May 2009 Median and average sale prices were up - the median was $440,000; the average was $463,057 compared with $336,500 and $455,833 during May 2009.

Year-to-date sales in Stow are also up over last year. As of 6/20/2010, there have 23 closed sales; last year there were 15 for the same period and it tool less time for houses to sell - the average time on the market was 162 compared with 194 days for the same period in 2009. The median sale price was $435,000; the average was $436, 959.

Currently, there are 55 single family homes for sale in Stow MA. Last year at this time there were 53 listings. List prices in Stow range from $159,000 for a total rehab or tear-down, to $999,400 for an antique home on 10+ acres. The price range with the most home for sale continues to be $500,000 to $599,900; there are 11 houses for sale in that range.

The median list price is less than it was last year at this time - $489,000 compared with $579,900 last year; and the average is also less: $510,029 compared with $582,878 last year.

Five of the forty-nine homes for sale already have accepted offers waiting for contingencies to clear. There are 9 single-family homes with sales pending; the average list price for these homes is $522,389.


Source: MLSPIN