Stoughton MA Home Sales Report 1st Quarter 2014

By
Real Estate Agent with Buyers Brokers Only LLC - www.BuyersBrokersOnly.com MA Broker Lic 148149

With a hot January sales month and a cooler February, Stoughton MA home sales finished off the first quarter of 2014 on a high.  Total homes sold were the highest they've been for the last five years and the average sales price was the highest it's been since 2010.

Stoughton MA Homes Sold - 1st Quarter 2010 to 2014

According to the MLS Property Information Network, a total of 41 homes were sold from January 1, 2014 to March 31, 2014.  That's a 5% increase over the same time last year.  This also represents the highest total Stoughton MA homes sold in the first quarter since 2006, when 44 were sold.  Homes sold ranged from a 3 bed/1 bath 1197 square foot Cape-style home for $80,000 to a 3 bed/2.5 bath 2447 square foot custom built contemporary Colonial that sold for $450,000.  The average sales price for a Stoughton MA home sold in the first quarter of 2014 was $291,828, a 10.5% increase over the same time last year.

Stoughton MA Ave Sales Price for Homes Sold - 1st Quarter 2010 to 2014

Stoughton MA home buyers will be happy to hear this.  The average days on market (DOM) decreased dramatically (24.3%): from 103 in 2013 to just 78 in 2014.  That means that buyers will waited almost a whole month less this year than they did last year to close on their Stoughton MA dream home.  The list price to sale price ratio increased slightly (from 96% in 2013 to 97% in 2014), with some homes selling for more than the asking price.

What does this mean for the Stoughton MA home buyer?  Home prices have been steadily increasing over the past three years.  If you are interested in purchasing a property for yourself, there's no time like the present.  Be prepared to put your best offer forward, though.  Sellers are clearly interested in selling, but they will only consider serious offers.  When you're ready to dip your toe into the Stoughton MA home buying pool, contact your Stoughton MA Buyer Broker.

*All data used in this blog post is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not included in those numbers.

Christine Smith, Buyers Brokers Only LLC - Your Exclusive Buyer Agent in Norfolk County

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Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Great looking report that you are sharing with your local market.  Great information for both buyers and sellers.

Apr 17, 2014 03:20 AM #1
Rainmaker
570,170
Christine Smith
Buyers Brokers Only LLC - www.BuyersBrokersOnly.com - Canton, MA
Exclusive Buyer Agent & Attorney, Canton, MA

Thank you Ricahrd!

 

Apr 17, 2014 05:50 AM #2
Rainer
355,740
Nina Rogoff
RE/MAX Executive Realty - Medfield, MA
Sells Real Estate!

Great report, Christine! And, great information for Stoughton sellers and buyers! It's good to know they have a strong real estate market in Stoughton right now.

I'm getting ready to roll out the Sharon report over the weekend. Not quite as much activity!

 

Apr 17, 2014 02:12 PM #3
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Rainmaker
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Christine Smith

Exclusive Buyer Agent & Attorney, Canton, MA
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