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NORTH READING Real Estate Market Trends: Week of December 7th, 2015

By
Real Estate Agent with LAER Realty Partners
NORTH READING Real Estate Market Trends:
 Week of December 7th, 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 NORTH READING, MA for the week of December 7th, 2015. (Source: AltosResearch).
Week of December 7th, 2015 Single Family Homes Condo/Townhouse
Median List Price $549,900 $340,000
Average List Price $602,961 $323,983
Average Days on Market 97 50
No. of Homes On Market 31 6
Median House Size 2,240 sq ft. 1,425 sq ft.
Market Action Index 37.0 - Seller's Advantage 58.4 - Strong Seller's

Data provided by ©2005-2014 Altos Research LLC.

The median list price in NORTH READING, MA for single family homes this week is $549,900. The 31 properties have been on the market for an average of 97 days. Average price per square foot is $241. The most expensive single family listing is at $1,399,900 and the least at $280,900. The median list price in NORTH READING, MA for condo/townhouse this week is $340,000. The 6 properties have been on the market for an average of 50 days. Average price per square foot is $226. The most expensive condo listing is at $450,000 and the least at $184,900.

SEARCH ALL AVAILABLE NORTH READING HOMES FOR SALE, LIKE I DO!

Comments (12)

Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great Information. A valuable market report for buyers and sellers in your community!

Dec 18, 2015 06:45 AM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks  for stopping by and your comments Bob Basemann.

Jan 04, 2016 02:51 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Reasonably strong market North Reading is.

Jan 04, 2016 02:51 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Condos Market Action Index at 58+ is a good indicator. 

Single Family Home market index is over 37 - still seller's advantage.

Jan 04, 2016 02:52 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Median List Price for single family homes at almost $550K - good number.

Jan 04, 2016 02:53 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

At $340K for condos, it's even better. $/sq ft for condos is at 226.

Jan 04, 2016 02:53 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Single Family $/sq ft at 241 sure is a better number - and so is true for average list price at $600K.

Jan 04, 2016 02:54 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

With 6 Condos on market, average list price is shade below $325K - perhaps the trends of going down?

Jan 04, 2016 02:54 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Well, condos still sell in about 50 days - which is good sign.

Jan 04, 2016 02:55 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

31 single family homes on market - selling in about 3 months is also seller's advantage.

Jan 04, 2016 02:55 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Overall, great sellers market in North Reading. Better for condos for sure.

Jan 04, 2016 02:55 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

There seems to be reasonable difference in sizes of single family home at 2240 sq ft compared to about 1200 sq ft for condos.

Jan 04, 2016 02:56 PM