Analysis of Housing Market Statistics
Upton, Massachusetts has improved slightly over the last report. There's more inventory, but sales are up as well. Market looks pretty neutral, but there doesn't seem to be a huge volume of sales pending, so I think we could see some weakness going forward. Upton does have a lot of younger inventory on the market (which I consider to be homes built after 1990, when the styles changed), so it certainly could make sense for buyers going forward, especially those looking in Westborough or Hopkinton, as the sellers get more anxious to move. Look for a number of price cuts.
Housing Market Statistics
- Upton, MA has 56 homes (vs. 46 Homes in the last Upton Home Sales Report) listed as Active.
- Upton, MA had 39 houses sold (vs. 34) in the last 6 months, and 24 homes sold (vs. 20) in the last 3 months.
- Upton, MA has an Average Market Time of 155 days (vs. 176) for SOLD homes.
- Upton, MA has an Average Market Time of 146 days for ACTIVE homes.
- Upton, MA has an Average Sold Price of $412,115 for sold homes.
- Upton, MA has 0 properties advertised as lender owned (typically foreclosure) .
- Upton, MA has 1 properties advertised as short sales required by lender .
- “Hot Seller Index”: 70 Last Report: 69
*All statistics are for Single Family Homes.
Wondering about my Market Methodology? Read my Explanation for Massachusetts Home Statistics.
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