Stoughton MA Market Report Nov 2013
The Stoughton MA real estate market continues its steady climb upwards. Both prices and total homes sold were up while the days on market have actually gone down.
According to the MLS Property Information Network, a total of 27 Stoughton MA homes were sold in November 2013, making it the highest amount of homes sold during the month of November for over a decade. This is a 24% increase from October and a 33% increase from the same time last year.
The average list price for a Stoughton MA home sold in November 2013 was $353,766, with an average final sale price of $345,610 (that's a 98% list price/sale price ratio). That is a 95% increase in average sale price from the previous month and a whopping 30% increase from the same time last year (the average sale price for a Stoughton MA home in November 2012 was $240,461). Stoughton MA homes sold in November 2013 ranged from a 3 bed/1 bath Colonial at $202,500 to a 4 bed/2.5 bath Colonial for $565,000.
The average days on market for Stoughton MA homes have decreased over the past year as well. In November 2012, a home sat on the market for an average of 95 days before it was purchased. However, last month, the average days on market was reduced to 82. In fact, a 5 bed/1 bath Bungalow sold after just three days for 100% of the asking price.
As far as investments go, Stoughton MA homes appear to be a fabulous choice. With home buyers turning away from the pricier Canton or Sharon communities, the more affordable Stoughton MA area has experienced a bit of an uptick in popularity recently. That means that there is more competition among buyers for homes on the market. When you're ready to start looking, contact your Stoughton MA Buyer Broker.
*All data used in this blog post has been provided by the MLS Property Information Network, Inc.
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Christine Smith is an Attorney and Exclusive Buyer Agent with over 25 years of experience in the real estate field.
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