Homes For Sale in Charlton Market Report

Charlton looks to me like the first real spring report. Charlton has been an interesting town to watch, because it's a Worcester suburb - more a function of Worcester's market than Boston - and has plenty of land for new construction. In fact, 27 of the 60 houses for sale are new construction houses in Charlton. That's a lot! With so many builders competing for your attention, we have the same effect we see in Northbridge.

Can’t see the chart? You can find it Here .

That effect is a softer HSI, and more of a competitive market where neither the buyers or sellers are in charge. Sellers will find that the market for their homes is very good - as long as they aren't competing directly with new construction. With rates headed up, buyers may be leery of long wait time for new construction ( I would be). It's a big purchase to wait around and see what rates are going to do!

 

Find Your Next Home or Check out the Competition!

Nevertheless, this report is in direct contrast to the Boylston one. Boylston had demand increasing, where here we have sales transaction volume slowing - a lot - as the late summer sales fall out of the data set. Prices are down, and market time is up. All negative factors.  Is the overall market more like Boylston or Charlton? More reports will tell the tape, but with more sellers coming on-line, buyers will need to stay aggressive or we will see a leveling of the market across the board. I think we will see that anyway - last year is not normal - as the market finds more of an equilibrium.

 

The one real positive in this report is that the properties that are on the market have a list $/sq foot of $165 - far above the current pace of $133. That reflects serious optimism on the part of sellers, and if homes continue to sell - even at a less frenetic pace - the market will show higher prices.

 

 

Charlton Recent Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • Charlton ‘s “Home Seller Index” (HSI):76 Last Report: 93
  • There are 60 homes listed as For Sale.

    A flurry of new construction in Charlton

    is affecting prices for

    all home sellers.
  • There have been 68 houses sold in the last 6 months, and 32 homes sold in the last 3 months in Charlton.
  • The Average number of Days on Market was 153 days for just SOLD homes.
  • There is an Average Market Time of 169 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $133 (vs. $142)
  • There was an Average Sold Price of $265,821 for sold homes.
  • Charlton, MA, has 2 (vs. 1 in the last report) properties advertised as lender owned or foreclosure (typically foreclosure) .
  • Charlton has 1 (Vs. 1) properties advertised as a short-sale is going to be needed by lender.

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

 

 

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About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.