Waltham Massachusetts - Single Family Homes - January 2011
Market Statistics
For Sale
- There are currently 68 single family homes currently for sale in Waltham,Ma. (A decrease of 16.1%)
- The average list price for these homes is $405,269. (A decrease of 4.0%)
- These homes have been on the market for an average of 159.22 days. (An increase of 21.6%)
Under Agreement
- There are currently 27 single family homes under agreement to be sold in Waltham, Ma. (Flat month to month.)
- The average list price for these homes is $367,778. (A decrease of 5.5%.)
- These homes have been on the market for an average of 73.56 days. (An increase of 25.6%.)
Homes Sold
- 11 single family homes sold this month in Waltham, Ma. (A decrease of 38.9%.)
- The average sale price for these homes was $364,000. (An increase of 4.0%.)
- These homes were on the market for an average of 53.64 days. (A decrease of 34.5%.)
Absorption Rate
Absorption Rate is the ability of the real estate market to sell all of the houses currently for sale in a given amount of time. For example if there were currently 100 houses on the market and the houses were selling at a rate of 20 houses per month, there would be a five month supply of homes on the market. We can use this number to help determine what type of market we are in.
- When there is less than a 5 months supply of homes on the market this is considered a Seller's Market.
- When there is more than a 7 months supply of homes on the market this is considered a Buyer's Market.
- When there is between a 5 and 7 months supply of homes on the market this is considered a Balanced Market.
Time Frame | 12 Months | 6 Months | 3 Months | 1 Month |
Transactions Closed | 263 | 122 | 47 | 11 |
Average Days on Market | 70.62 | 73.02 | 74.77 | 53.64 |
Average Sales Price | $406,379 | $395,456 | $384,671 | $364,000 |
Average Home Sales Per Month | 21.92 | 20.33 | 15.67 | 11.00 |
Months Supply on Market | 3.10 | 3.34 | 4.34 | 6.18 |
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