2016 - 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.
|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|
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!