Homes For Sale in Northbridge Market Report

Northbridge is chugging along. We see some trends here that have been noted throughout the region. Very active market for the last 3 months, falling DOM for actives as a number of new listings hit the market (134 down from 196). Falling prices from the peak last fall. Pretty typical stuff.  The one surprise I noted was that there was a huge jump in short-sale inventory - 7 homes - which may be showing an increase in optimism that these deals can get done and the final bubble of bank impacted inventory will be moving out of Northbridge this summer.

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

 

What should home buyers do in Northbridge?

Home buyers should make sure that the new construction that's available fits their needs and that they have properly negotiated. There's competition in Northbridge, buyers should take advantage. Buyers not looking for new construction should be aware that the re-sale market is pretty hot, and home might be going fast if the condition and location are favorable.

Find Your Next Home or Check out the Competition!

 

What should home sellers do in Northbridge?

Home sellers should be aware that many of them will be competing with new construction. Even when your house style price range is outside that demographic, the construction is the "benchmark" price in the area. Making sure your home is in the best showing condition will improve your feedback and offer percentages.

 

 

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

 

  • Northbridge‘s “Home Seller Index” (HSI): 93 Last Report: 92
  • There are 67 homes listed as For Sale.
  • There have been 85 houses sold in the last 6 months, and 64 homes sold in the last 3 months in Northbridge.
  • The Average number of Days on Market was 141 days for just SOLD homes.
  • There is an Average Market Time of 134 days of theNorthbridge homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $152 (vs. $157)
  • There was an Average Sold Price of $322,437 for sold homes.
  • Northbridge,MA, has 2 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 7 properties advertised as a short-sale is going to be needed by the 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.