In September of 2011, there were 23 single family homes that closed (sold) within the month for Natick, Massachusetts. This is an increase of 10 closed sales over September, 2010(13).
The median selling price of a home that sold in September of 2011 was $435,000. The median selling price of a home that sold in September of 2010 was $380,000. This represents an increase of over 14% during the same period of last year.
The Average asking price for homes sold in Natick during September of 2010 was $526,492
The average asking price for homes sold in Natick during Septeber of 2011 was $476,682.
The average sale price for the homes that closed in Natick during September of 2010 was $500,865
The average sale price for homes sold in Natick during September of 2011 was $461,165
The average Market time for the homes that closed in Natick during September of 2010 was 67 days.
The average Market time for the homes that closed in Natick during September of 2011 was 72 days.
24 homes went under contract in Natick during the month of September. The median list price of the homes that went under agreement was $464,950. The average time on the market for these homes were 83 days.
As of today (Oct. 25, 2011) there are 98 single family homes listed as Active in the MLS for Natick, MA with an average time on market of 121 days. Exactly one year ago there were 99, with an average time on market of 163 days.
January – September 2010 & 2011 Market Statistics Comparison
There were 221 single family homes sold in Natick, MA in the first three quarters of 2011
There were 197 single family homes sold in Natick, MA in the same period of 2010
For January through September, 2011 the median sales price of a home sold was $425,000, with an average time on market of 88 days.
For January through September of 2010 the median sales price was $400,000 with an average time on market of 70 days.
Please note: The above statistics are for single family homes only and do not include either condo’s or multi-family homes in Natick, MA.
So how is the market doing in Natick? Selling prices are up over last year, and total number of sales are up as well. Considering the state of the economy in general and the current tight borrowing guidelines this is very good news. Natick remains a desirable yet affordable place to live and raise a family. Inventory seems stable, and with mortgage rates still around 4% or so for a 30 fixed rate loan this is a very good time to buy in Natick.
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