WILMINGTON Real Estate Market Trends: Week of December 21st, 2015

By
Real Estate Agent with LAER Realty Partners
WILMINGTON Real Estate Market Trends:
 Week of December 21st, 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 WILMINGTON, MA for the week of December 21st, 2015. (Source: AltosResearch).

Week of December 21st, 2015 Single Family Homes Condo/Townhouse
Median List Price $589,900 $394,000
Average List Price $571,271 $385,114
Average Days on Market 109 220
No. of Homes On Market 31 7
Median House Size 2,416 sq ft. 1,500 sq ft.
Market Action Index

48.0 - Strong Seller's

32.3 - Seller's Advantage

Data provided by ©2005-2014 Altos Research LLC.

The median list price in WILMINGTON, MA for single family homes this week is $589,900. The 31 properties have been on the market for an average of 109 days. Asking price per square feet is $239. The most expensive single family home is listed at $959,000 and the least at $259,900. The median list price in WILMINGTON, MA for condo/townhouse this week is $394,000. The 7 properties have been on the market for an average of 220 days. Asking price per square feet is $270. The most expensivre condo is listed at $459,900 and the least at $239,900.

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

Comments (14)

Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

One of the last few weeks for  the infographics report - as I switch to Video Reports.

Jan 17, 2016 02:28 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

$/sq ft for condos reaching $270 mark in Wilmington! Wow!

Jan 17, 2016 02:29 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Though Market Action Index of 32.3 makes condo market just a shade better for condos. Single Family Homes are doing well - strong seller's market there.

Jan 17, 2016 02:30 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Days on market are over 3 months for single family homes compared to 220 days for condos.

Jan 17, 2016 02:30 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Not much of inventory when it comes to condo - only 7 homes for sale compared to 31 single family homes.

Jan 17, 2016 02:31 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Median list price for single family approaching $600K and for condos, $400K.

Jan 17, 2016 02:32 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Average list price seems  to be following the similar trends.

Jan 17, 2016 02:32 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

At 48.0, Market Action Index for single family homes is strong seller's market and at 32.7 for condos - it's almost getting into buyer's market.

Jan 17, 2016 02:33 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The most expensive single family home listing in Wilmington this week is at $959K.

Nov 03, 2016 04:13 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The least expensive single family home listing in Wilmington this week is at $260K.

Nov 03, 2016 04:13 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The most expensive condo or townhome listing in Wilmington this week is at $460K.

Nov 03, 2016 04:13 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The least expensive condo or townhome listing in Woburn this week is at $240K.

Nov 03, 2016 04:14 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The median home size of the single family home is 2,416 sq ft in Wilmington this week.

Nov 03, 2016 04:15 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The median home size of the condo or townhome is 1,500 sq ft in Wilmington this week.

Nov 03, 2016 04:15 PM