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WOBURN Real Estate Market Trends: Week of February 1st, 2016

By
Real Estate Agent with LAER Realty Partners
WOBURN Real Estate Market Trends:
 Week of February 1st, 2016

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 February 1st, 2016. (Source: AltosResearch).

Week of February 1st, 2016 Single Family Homes Condo/Townhouse
Median List Price $469,999 $539,900
Average List Price $516,227 $550,981
Average Days on Market 84 165
No. of Homes On Market 15 16
Median House Size 2,226 sq ft. 1,861 sq ft.
Market Action Index

54.0- Strong Seller's

36.7 - Seller's Advantage

Data provided by ©2005-2014 Altos Research LLC.

The median list price in WOBURN, MA for single family homes this week is $469,999. The 15 properties have been on the market for an average of 84 days. Asking price per square feet is $226. The most expensive single family home is listed at $799,900 and the least at $259,900. The median list price in WOBURN, MA for condo/townhouse this week is $539,900. The 16 properties have been on the market for an average of 165 days. Asking price per square feet is $286. The most expensive condo is listed at $764,900 and the least at $269,900.

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

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Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Praful Thakkar - This is a great explanation and the way you explained it is much easier to understand!

Wishing you a terrific Selling Season!

Feb 28, 2016 04:18 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks for stopping by Patricia - it's a good market in Woburn.

Mar 13, 2016 03:10 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And I have tried to simplify the market report as much as I can.

Mar 13, 2016 03:11 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median List Price for single family homes in Woburn is approaching $470K.

Apr 01, 2016 03:13 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And Average List Price for single family homes in Woburn is approaching $520K.

Apr 01, 2016 03:17 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median List Price for Condos is $540K and average list price here is $550K.

Apr 01, 2016 03:20 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Single Family homes are selling at $226/sq ft and condos at $286/sq ft.

Apr 01, 2016 03:25 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

15 single family homes are on market for average 84 days.

Apr 01, 2016 03:27 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

It's very strong seller's market at 54.0 as market action index for single family homes.

Apr 01, 2016 03:33 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

It's seller's advantage at 36.7 as market action index for condos and townhomes.

Apr 01, 2016 03:34 PM