Charlton Housing Market Statistics Overview
Charlton has been good to buyers. Many properties are affordable, with just $118/ sq foot being the town average. Despite these lower prices, homes for sale have been moving slowly. This has given buyers both time and leverage, and that gives sellers headaches when selling their property. Sellers need to be making their properties show well and be priced right to move in Charlton, but there is some evidence that things are picking up.
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Sales have been pretty steady, and there's a good number of pendings on the board, which should continue that trend. Normally, we'd see inventory pile up in the last quarter, but not in Charlton. The number of homes for sale is down sharply, and purchases are continuing. Could Charlton see a return to the 70 or 80's in the HSI? Only time will tell. For right now though, Charlton remains a buyers market.
On a final note, bank impacted properties (foreclosures and short-sales) are up over last year, which is starting to emerge as a trend across the towns. Foreclosures are down, but short-sales are up. In any case, 14 properties that are in lender control out of just 48 is a huge number. Fortunately, 5 of these are in pending already, so hopefully they will move off the market and improve this part of it. These properties can add value for buyers, but they come with risk too, and in either case, the absorption rate of these homes tends to be slower than seller controlled homes for sale.
Charlton Housing Market Statistics - Raw MLS Data
- There are 63 homes listed as For Sale (vs. 76 in the last Charlton Real Estate Report).
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Snow is Not Likely to Help Home Sellers In Charlton, where we need more Home Purchasing Traffic |
- There have been 48 houses sold (vs. 47) in the last 6 months, and 25 homes sold (vs. 29) in the last 3 months.
- There was an Average Market Time of 136 days for just SOLD homes.
- There is an Average Market Time of 170 days (vs. 185) of the homes For Sale.
- The Dollars paid per Square Foot in Charlton is $118
- There was an Average Sold Price of $239,805 for sold homes.
- Charlton has 5 properties (vs. 6) advertised as lender owned (typically foreclosure) .
- Charlton has 9 properties (vs. 7) advertised as short sales required by lender .
- Charlton “Hot Seller Index”: 69 Last Report: 67
*All statistics are for Single Family Houses and based on data in MLS.
Read my Explanation for Massachusetts Home Data Reports.
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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.
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*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.
