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

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

Week of November 2nd, 2015 Single Family Homes Condo/Townhouse
Median List Price $419,900 $429,000
Average List Price $456,495 $480,545
Average Days on Market 52 78
No. of Homes On Market 40 31
Median House Size 1,802 sq ft. 1,765 sq ft.
Market Action Index

57.2 - Strong Seller's

49.7 - 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 $419,900. The 40 properties have been on the market for an average of 52 days. Asking price per square feet is $240. The most expensive single family home is listed at $829,900 and the least at $230,000. The median list price in WOBURN, MA for condo/townhouse this week is $429,000. The 31 properties have been on the market for an average of 78 days. Asking price per square feet is $262. The most expensive condo is listed at $764,900 and the least at $159,900.

SEARCH ALL AVAILABLE WOBURN 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, buyers and sellers in Woburn, Ma should contact you.

Nov 19, 2015 01:33 PM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Praful...this is great information on the Woburn, MA. Both buyers and sellers will find this information useful. You really do a great job with your infographics. 

Nov 20, 2015 08:30 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks Sybil - appreciate your comments.

Dec 02, 2015 11:44 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

I am sure Debbie L, this is useful information for buyers and sellers.

Dec 02, 2015 11:44 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

This is the information that consumers should know about - and ask about, if they don't know what it means.

Dec 02, 2015 11:45 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

For example - market action index, which is over 45 for both condos and single family homes, means it's seller's market - very strong seller's market.

Dec 02, 2015 11:46 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Days on market - close to 2 months for single family homes, means homes are selling quickly.

Dec 02, 2015 11:46 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The same number is 78 for condos - again, well under 6 months (which is considered as a balanced market.)

Dec 02, 2015 11:47 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Number of homes available on market - 40 for single family means not too much inventory. So is true for condos, it's 31 only.

Dec 02, 2015 11:48 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median list price - it's higher for condos compared to single family homes, pretty unique case here.

Dec 02, 2015 11:48 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And the same is true for average list price - higher for condos than single family homes.

People do not mind paying little extra for condos in Woburn.

Dec 02, 2015 11:49 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

That is proved by $/sq ft - $262/sq ft for condos as compared to $240/sq ft for single family homes!

Dec 02, 2015 11:50 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, great seller's market for Woburn! Better for condos compared to single family homes.

Dec 02, 2015 11:50 AM