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WOBURN Real Estate Market Trends: Week of October 19th, 2015

By
Real Estate Agent with LAER Realty Partners
WOBURN Real Estate Market Trends:
 Week of October 19th, 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 October 19th, 2015. (Source: AltosResearch).

Week of October 19th, 2015 Single Family Homes Condo/Townhouse
Median List Price $429,900 $389,900
Average List Price $453,278 $414,267
Average Days on Market 56 52
No. of Homes On Market 41 33
Median House Size 1,932 sq ft. 1,496 sq ft.
Market Action Index

58.2 - Strong Seller's

50.4 - 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 $429,900. The 41 properties have been on the market for an average of 56 days. Asking price per square feet is $231. The most expensive single family home is listed at $845,000 and the least at $230,000.

The median list price in WOBURN, MA for condo/townhouse this week is $389,900. The 33 properties have been on the market for an average of 52 days. Asking price per square feet is $259. The most expensive condo is listed at $764,900 and the least at $125,000.

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

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Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Now that is called Seller's Market - good for both, single families and Condos.

Nov 18, 2015 01:29 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Both market action index over 50. In face single family homes is close to 60. Storng Seller's market.

Nov 18, 2015 01:29 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Almost identical inventory - 41 Single Family Homes and 33 Condos on market.

Nov 18, 2015 01:51 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The $/sq ft price is pretty high - compared to market in North Andover.

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

Days on market for both -- single family homes and condos are in 50s only. A good market for sellers for sure.

Nov 18, 2015 02:03 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Strange fact is, median list price for condos and single family homes are not much different.

Nov 18, 2015 02:04 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The same is true for Average list price - the difference of only about 10% between the two.

Nov 18, 2015 02:05 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall - both condos and single family homes are in close race! The reason being - people do buy any kind in Woburn. 

Nov 18, 2015 02:06 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The proximity to Boston and ease of commute makes this town desirable - be it condo or single family homes, people would love to live in Woburn.

Nov 18, 2015 02:06 PM