Here is a snapshot of real estate market for single family homes in TEWKSBURY, MA for the week of January 26th, 2015. (Source: AltosResearch)
| For Week of January 26th, 2015 | |
| Median Price | $377,400 |
| Average List Price | $375,579 |
| Average Days on Market | 101 |
| Number of Homes On Market | 30 |
| Median House Size | 1,958 sq ft. |
| Market Action Index | 45.0 - Seller's Advantage |
Data provided by ©2011 Altos Research LLC.
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
The median list price in TEWKSBURY, MA this week is $377,400. The 30 properties have been on the market for an average of 101 days.
Inventory is up and Market Action is trending down recently. While dayson- market appears to be trending lower, the overall conditions are weakening a bit.
The market has started cooling and prices have been flat for several weeks. Since we're in the Seller's zone, watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.
Median Price: Prices in this zip code have been on a downward trend in the last few weeks and this week, while essentially flat, doesn't break us out of that cycle.
Price per Square Foot: Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.
Market Action Index: The TEWKSBURY, 01876 market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 45.02; indicating very little supply relative to the demand.
Days on Market: The properties have been on the market for an average of 101 days. Half of the listings have come newly on the market in the past 88 or so days.
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