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WOBURN Real Estate Market Trends: Week of September 28th, 2015

By
Real Estate Agent with LAER Realty Partners
WOBURN Real Estate Market Trends:
 Week of September 28th, 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 WOBURN, MA for the week of September 28th, 2015. (Source: AltosResearch).

Week of September 28th, 2015 Single Family Homes Condo/Townhouse
Median List Price $424,950 $424,999
Average List Price $435,815 $451,294
Average Days on Market 51 74
No. of Homes On Market 46 32
Median House Size 1,710 sq ft. 1,562 sq ft.
Market Action Index

59.1 - Strong Seller's

50.6 - Strong Seller's

Data provided by ©2005-2014 Altos Research LLC.

The median list price in WOBURN, MA for single family homes this week is $424,950. The 46 properties have been on the market for an average of 51 days. Asking price per square feet is $242.

The median list price in WOBURN, MA for condo/townhouse this week is $424,999. The 32 properties have been on the market for an average of 74 days. Asking price per square feet is $247.

SEARCH ALL AVAILABLE WOBURN HOMES FOR SALE, LIKE I DO!

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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Very nice posting Praful - always good to find out more about the different parts of the country and their markets

Oct 18, 2015 12:02 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Lise, great market for Woburn!

Oct 25, 2015 02:59 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The good news is, both condo and single family market runs almost neck-to-neck in Woburn.

Oct 25, 2015 02:59 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The living are for single family homes is about 1,700 sq ft and that for condo is about 1,550 sq ft.

Oct 25, 2015 03:00 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median list price - both close to $425K.

Oct 25, 2015 03:00 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And average list price for single family homes is LESS than that of a condo average list price!

Oct 25, 2015 03:01 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The inventory is almost the same - 46 and 32 for single family homes and condo.

Oct 25, 2015 03:01 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Though condo stays on market for little longer - about 2.5 months compared to less than 2 months for single family homes.

Oct 25, 2015 03:02 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, you rarely see such parallel in condo and single family homes as you see in Woburn.

Oct 25, 2015 03:02 PM