The Northbridge, MA Homes For Sale Market Report

As noted in previous reports, Northbridge has been saddled with extra inventory, and that's kept prices down, as the new construction sets the market. But even in Northbridge, buyers made a big move this spring, and drove sales transactions up significantly, and prices along with it.

 

can't see the chart? Go here.

 

The 81 sales is a huge jump from last year, and even with all the construction, it's more of a neutral market than a soft, slightly buyer market now. Sellers are seeing better traffic and prices.  For buyers, the good news is in the rise in bank impacted inventory - which will help to keep a lid on prices, and may present some value opportunities.

 

 

Northbridge, MA Real Estate For Sale and Sold Market Statistics - Raw MLS Data

 

• There are 94 homes listed as For Sale.
• There have been 81 houses sold in the last 6 months, and 59 homes sold 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 232 days of the homes For Sale.
• The Dollars paid per Square Foot in Northbridge is $144 (vs. $140)
• There was an Average Sold Price of $280,858 for sold homes.
• Northbridge, MA has 4 properties (vs. 3) advertised as lender owned/foreclosure (typically foreclosure) .
• Northbridge has 9 properties (vs. 6) advertised as a short-sale is going to be needed by lender .
• Northbridge “Hot Seller Index” (HSI): 77 Last Report: 64

 

 

 

 

*All statistics are for Single Family Houses and based on data in MLS.

 

Read my Explanation for Massachusetts Home Data Reports.

Our Most Requested Posts

• Read this to take care of your driveways and walkways all year round.
• How do I get the seller to pay my closing costs, and is it free money?
• What do I need to know about Heat Pumps? Will they save me money?
• Will Solar Panels add Value to my Home and build Equity?
• Should I get Flood Insurance even if I’m not in a Flood Zone?
• What is a house with a slab basement?
• Should I buy a home with electric heat? How much will my heating bill be with electric heat?

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.