How's the Market Doing in Natick, MA? Get the Latest Market Update - 9/30/08

Industry Observer with Greater Boston Association of REALTORS MA 9505496/Broker

Weichert Works...In Natick   

Monthly market performance:

As of September 30, 2008, there were 123 single family listings in Natick on the Multiple Listing Service (MLSPin).  We continue to see new listings coming on the market as the Fall house-hunting season gets into full swing, with a slight upward trend in pricing, especially in the re-listing of prior expired or withdrawn listings.  29 new single family listings were added to our MLSPin, with an average list price of $574,652.

The average list price is $661,919.  The lowest price is $129,900 and the highest price is $2,795,000, with the majority of homes (42.3%) priced in the $350,000 to $599,999 price range.  Of note, the average list price for a single family home in September 2007 was $693,468.

The median price is $549,500 and the average days on market are 137 days.  This compares to a median sales price of $519,250 and average days on market of 149 days as of September 30, 2007.

There were 16 properties that went under agreement during the month of September (September 2007- 26 properties).  17 single family homes sold during September, with the average sales price being $474,618 and the median was $420,000, with the average days on market being 97 days. Compare this to 11 properties sold during September 2007, with an average and median sales price of $414,182 and $415,000, respectively, and the average number of days on market being 79 days.

In September 2008:

35 properties had price changes averaging -4.64%

Sales price to original price was 93%

Sales price to (last) adjusted price was 96%


Year to date market performance:                                                    





Average list price





Average sales price





Median sales price





Average days on market





Total number of single family homes sold






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