The Sutton, MA Homes For Sale Market Report
Sutton is still muddling around after a much quieter spring than we've seen in other areas. That might be because sellers have been asking - and getting - better prices, but that process has been slowing down the transaction volumes, leaving the market pretty neutral overall. At first glance, it looks a little soft, but with 10 pendings about to hit the numbers, Sutton is in better shape than the baseline numbers would show.
Sutton has one of the more stable historical charts we've seen in the past year. HSI numbers have remained in the low seventies pretty steady. Prices have jumped off the lows, but haven't hit the highs yet. It takes a while for prices to "move West", as we've seen with Natick leading the way in these reports, and other towns following.
One surprising development is the really high ratio of short-sales and foreclosures in Sutton. With 16 out of the 59 properties, that's over 25% bank impacted inventory. That tells you a couple of things - Lots of people in Sutton are still under water, and bank impacted properties are not moving very fast. These homes are going to keep a lid on prices and add lots of market time to the numbers for Sutton.
Sutton, MA Houses For Sale and Sold Market Statistics - Raw MLS Data
- There are 59 homes listed as For Sale.
- There have been 48 houses sold in the last 6 months, and 33 homes sold in the last 3 months.
- The Average number of Days on Market was 133 days for just SOLD homes.
- There is an Average Market Time of 186 days of the homes For Sale.
- The Dollars paid per Square Foot in Sutton, MA is $152 (vs. $145 )
- There was an Average Sold Price of $323,329 for sold homes.
- Sutton, MA has 5 properties (vs. 4) advertised as lender owned/foreclosure (typically foreclosure) .
- Sutton, MA has 11 properties (vs. 9) advertised as a short-sale is going to be needed by lender.
- Sutton, MA “Hot Seller Index” (HSI):76 Last Report: 68
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*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.
Do Good Things Today! Matt Heisler
*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.
