Special offer

TEWKSBURY Real Estate Market Trends: Week of September 21st, 2015

By
Real Estate Agent with LAER Realty Partners
TEWKSBURY Real Estate Market Trends:
 Week of September 21st, 2015

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.

Here is a snapshot of real estate market for single family homes and condo/townhouses in TEWKSBURY, MA for the week of September 21st, 2015. (Source: AltosResearch).

Week of September 21st, 2015 Single Family Homes Condo/Townhouse
Median List Price $379,900 $425,000
Average List Price $438,531 $412,489
Average Days on Market 57 149
No. of Homes On Market 49 9
Median House Size 1,692 sq ft. 2,005 sq ft.
Market Action Index

45.8 - Strong Seller's

70.6 - Strong Seller's

Data provided by ©2005-2014 Altos Research LLC.

The median list price in TEWKSBURY, MA for single family homes this week is $379,900. The 49 properties have been on the market for an average of 57 days. Asking price per square feet is $223.

The median list price in TEWKSBURY, MA for condo/townhouse this week is $425,000. The 9 properties have been on the market for an average of 149 days. Asking price per square feet is $224.

SEARCH ALL AVAILABLE TEWKSBURY HOMES FOR SALE, LIKE I DO!

Posted by

 

 

Find Praful Thakkar on FacebookPraful Thakkar on YouTubeConnect with Praful Thakkar on LinkedInFollow Praful on TwitterPraful Thakkar e-Pro 

Praful Thakkar - Logo

 

 

Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Crazy condo market for Tewksbury as you can see it.

Oct 08, 2015 10:29 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

In face Market Action Index is so high - it feels like it's 'burning' .

Oct 08, 2015 10:29 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

With just 9 condos on market, it's difficult to judge that - and days on market for condo are too high, too.

Oct 08, 2015 10:30 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

With just 57 days on market and only under 50 homes on market, I think it's a better market for Single Family homes.

Oct 08, 2015 10:30 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The market action index for single family homes say otherwise - simply strong seller's market.

Oct 08, 2015 10:31 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

You can see median list price of single family homes are lower than that of condos.

Oct 08, 2015 10:31 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

So is true for average list price, too.

Oct 08, 2015 10:31 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall great market for both condos and single family homes in Tewksbury.

Oct 08, 2015 10:32 AM