The Clinton Homes For Sale Market Report

A quick look at the pricing map in Clinton gives a "what the heck is happening here". This chart doesn't look like any other chart. Prices paid are down, and asking prices are way down. I'll admit - I'm not 100% sure, but I have some theories.

On the surface, the pricing activity in Clinton makes no sense compared to the overall market in Massachusetts.

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

Clinton is a smaller town, and doesn't have a lot of inventory, even when things are bad (it peaked out at 67). This makes its secondary numbers, like prices, more volatile. But what's causing the volatility?  I'm pretty sure it's the bank impacted inventory. Out of 20 homes for sale, 8 are either bank owned or short-sales, and those are the highest raw numbers we've seen since 2014, and the highest percentage since we've been tracking. Those prices are often "distressed" prices, pulling things down. Paradoxically though, it means things in Clinton are doing better - banks think the market is good enough to unload distressed inventory for fair prices. Eventually, they will run out, and when they do, prices should reflect more normal patterns (which should be markedly higher). At any rate, that's the theory.

 

 

What should active home buyers do in Clinton?

Break out your hammer! With a lot of distressed inventory, there are deals in this part of the market, and with things getting tight, profits are there for those willing to roll up their sleeves. Otherwise, be patient, prices are good in Clinton, and eventually headed higher, so it's a great time to be aggressive.

 

 

What should potential home sellers do in Clinton?

Pricing is very difficult in this market; it's thin, and there are not many good comparables. But if you have a home ready to go, you'll find lots of buyers. Unlike the pricing graph, the HSI graph is quite clear, the market has never been this good for sellers, and buyers are very, very aggressive right now. Make sure your home looks it's best, and you can sell fast!

Falling inventory and climbing transactions show the true market in Clinton, with demand heating up, and prices on their way as well.

 

Clinton Houses For Sale and Sold Market Statistics - MLS Data

 

• The Clinton “Home Seller Index” (HSI): 158 Last Report: 150
• There are 20 homes actively listed as For Sale for Home Buyers.
• In the last 6 months, there have been 63 houses sold, and 41 homes sold in the last 3 months in Clinton.
• The Average number of Days on Market was 73 days for recently SOLD homes.
• There is an Average Market Time of 98 days of the Clinton homes For Sale (currently for sale).
• The amount that was paid by Home buyers in Dollars per Square Foot averaged $129 (vs. $138   in the last report)
• Current home sellers are looking for $128 /sq foot
• There was an Average Sold Price of $207,975 .
• Clinton, MA, has 4 properties advertised as lender owned or foreclosure (typically foreclosure) .
• There are 4properties advertised as a short-sale is going to be needed by the lender.

 

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends.

*That means you won’t find it anywhere else. Take that, Case-Schilling!.

 

Don’t Go Just Yet! More Information for you…

• Should I be pre-approved or pre-qualified for a home before I start looking seriously?
• How do interest rates affect the number of homes for sale and home prices?
• A final checklist before closing on your new home.
• Top 10 things people should know about Title Insurance.
• Updated summary report on the fastest moving towns in Metrowest.
• Cleaning up? Here’s a cool list to stay organized all year long!
• How Do I buy a short sale house that is still owned by the seller?

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.