2016 - What Did a 4-Bedroom Colonial Cost in Sharon MA?

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Real Estate Agent with RE/MAX Executive Realty Norfolk County MA REALTOR

2016 - What did a 4-Bedroom Colonial Cost in Sharon MA?What did a 4-bedroom Colonial cost in Sharon MA

In this post, I'm spotlighting the cost of 4-bedroom, 2 1/2 bathroom Colonial-style homes that sold in Sharon MA in 2016. There were a total of 37 homes sold in this category.

Sale Price ranged from $530,000 to $861,000

Average Square Feet of living space: 2,857 (ranging from 2,281 to 3,577 sq. ft.)

Average List Price: $715,683 (ranging from $549,000 to $874,900)

Average Sale Price: $708,489 (ranging from $530,000 to $861,000)

Average Days to Offer: 44.7

The age of these homes ranged from 1910 to 2015

Many factors determine the List Price for a home. These factors include: square feet of living space, number of bedrooms, number of bathrooms, age of home, location, condition and market demands.

The chart below shows how the Average Sale Price changed based on the age of these 4-bedroom, 2 1/2 bathroom, Colonial-style homes. I chose to look at homes built since 1969. 

   1969-1979       1983-1987       1991-1998      2000-2002    
# Sold   7  9  12  3
 Avg Sq. Ft.  2,465  2,819  3,153  2,967
 Avg List Price (LP)  $639,657  $702,031  $770,508  $709,600
 Avg Sale Price (SP)  $631,643  $690,521  $758,542  $694,667
 Days to Offer   65  50.8  37.2  6
 SP:LP Ratio   99  98  99  98

This information comes from the MLSPIN. 

The Average Sale Price of these homes increased as the homes became newer. A second factor impacts price in this example, too. The Average Square Feet of Living Space was smaller for homes built between 2000-2002 than Average Square Feet of Living Space for homes that had been built in 1990s. This decreased the Average List Prices and Average Sale Prices, even though the homes were newer. 

Knowing how to price your home for sale requires expertise and knowledge of the local market. If you are thinking of selling your home in the next 6 months, call me at 781-883-3764 for a complimentary Market Analysis of your home to understand its value in the current market.

Wishing you a Happy New Year!

Call Nina Rogoff, 781-883-3764 to get your home sold

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Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Nina Rogoff buyers and sellers should appreciate your providing this important market information for them.... those who are thinking of buying and/or selling in Sharon MA would be wise to call Nina Rogoff for guidance.... that's the smart move to make.... call her, and you'll understand why you made a good decision.

Jan 02, 2017 03:28 AM #1
Rainmaker
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Nina Rogoff
RE/MAX Executive Realty - Medfield, MA
Selling Norfolk County Homes

Good morning, Barbara Todaro ! Thank you for your comments. This first week of January is a great time for sellers to start preparing themselves, and their homes, for sale in 2017! Looking forward to meeting several sellers this week!

 

Jan 02, 2017 08:25 AM #2
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Rainmaker
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Nina Rogoff

Selling Norfolk County Homes
What is my Norfolk County home worth??
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