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Waltham, Massachusetts Condominium Market Stats May 2011

By
Real Estate Agent with Century 21 Shawmut Properties

Waltham Massachusetts - Condos - May 2011

Market Statistics

Waltham Condominiums For Sale

  • There are currently 107 condos for sale in Waltham, Ma. (An increase of 7.0%.)
  • The average list price for these condos is $299,845. (A decrease of 0.3%.)
  • These condos have been on the market for an average of 94.54 days. (An increase of 7.73%.)

Waltham Condominiums Under Agreement

  • There are currently 32 condos under agreement to be sold in Waltham, Ma. (An increase of 18.52%.)
  • The average list price for these condos is $328,778. (An increase of 0.32%.)
  • These condos have been on the market for an average of 70.91 days. (An increase of 7.44%.)

Waltham Condominiums Sold

  • 14 condos sold this month in Waltham, Ma. (A decrease of 17.65%.)
  • The average sale price for these condos was $351,493. (An increase of 15.78%.)
  • These condos were on the market for an average of 78.00 days. (A decrease of 39.37%.)

Absorption Rate

Absorption Rate is the ability of the real estate market to sell all of the houses currently for sale in a given amount of time. For example if there were currently 100 houses on the market and the houses were selling at a rate of 20 houses per month, there would be a five month supply of homes on the market. We can use this number to help determine what type of market we are in.

  • When there is less than a 5 months supply of homes on the market this is considered a Seller's Market.
  • When there is more than a 7 months supply of homes on the market this is considered a Buyer's Market.
  • When there is between a 5 and 7 months supply of homes on the market this is considered a Balanced Market.
Time Frame 12 Months 6 Months 3 Months 1 Month
Waltham Condominiums Sold 181 77 45 14
Average Days on Market 99.05 106.97 107.84 78.00
Average Sales Price $314,647 $307,482 $326,338 $351,493
Average Condominium Sales Per Month 15.08 12.83 15.00 14.00
Months Supply on Market 7.09 8.34 7.13 7.64

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