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TEWKSBURY Real Estate Market Trends: Week of November 2nd, 2015

By
Real Estate Agent with LAER Realty Partners
TEWKSBURY Real Estate Market Trends:
 Week of November 2nd, 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 TEWKSBURY, MA for the week of November 2nd, 2015. (Source: AltosResearch).

Week of November 2nd, 2015 Single Family Homes Condo/Townhouse
Median List Price $379,000 $339,900
Average List Price $382,204 $363,822
Average Days on Market 55 143
No. of Homes On Market 45 9
Median House Size 1,652 sq ft. 1,690 sq ft.
Market Action Index 44.1 - Seller's Advantage   65.3 - Strong Seller's

Data provided by ©2005-2014 Altos Research LLC.

The median list price in TEWKSBURY, MA for single family homes this week is $379,000. The 45 properties have been on the market for an average of 55 days. Asking price per square feet is $204. The most expensive single family home is listed at $998,888 and the least at $50,000.

The median list price in TEWKSBURY, MA for condo/townhouse this week is $339,900. The 9 properties have been on the market for an average of 143 days. Asking price per square feet is $209. The most expensive condo is listed at $629,900 and the least at $248,900.

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

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Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Hi Praful, that is a great market report and I love the graphics.

Nov 17, 2015 09:16 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Praful Thakkar  Nice report on Tewksbury-real-estate-market-trends

Nov 17, 2015 01:04 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks all for stopping by and your comments.

Nov 22, 2015 03:22 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks for kind words Sybil.

Nice infographics for sure - I love it, too.

Nov 22, 2015 03:22 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks, as always, Hannah - for stopping by and your comments.

Nov 22, 2015 03:23 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Tewksbury has a strong condo market - most condos come and go!

Nov 22, 2015 03:23 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The days on market for condos are still high - simply because of some extra expections from the up real estate market.

Nov 22, 2015 03:24 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

There is not much price difference between the condos and single family homes when it comes to Average List Price. Both in high $300Ks.

Nov 22, 2015 03:28 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

About 10% difference in pricing for median list price, though.

Nov 22, 2015 03:29 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Both condos and single family homes $/sq ft is close to over $200.

Nothing exotic about it.

Nov 22, 2015 03:30 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Single Family Homes are selling quickly - under 2 months. (not including time from Under Agreement to Closing.)

Nov 22, 2015 03:30 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

With 45 homes on market, buyers do have good choice - not the best, though.

Nov 22, 2015 03:31 PM