How much are houses in Marblehead selling for?
The data I maintain on home sales is useful but, since sales can take 2-3 months to complete from the date an offer is accepted, they do not provide as current a picture of the market as accepted offers. This article covers month by month this year the listing prices of houses in Marblehead where the seller has accepted an offer, together with the Days on Market (the number of days since the house was listed for sale) of the current inventory. Read my comments at the end of the post.
Source: MLS, Oliver Reports
Note that 54% of offers were on houses under $600,000.
And here is the month by month breakdown:
Source: MLS, Oliver Reports
The pace of sales has picked up recently:
Source: MLS, Oliver Reports
Here is the current inventory by price and Days on Market(DOM):
Source: MLS, Oliver Reports
Comment
The median price for a SFH home in Marblehead last year was $596,500 and the median list price for the 76 houses that have received offers this year through April is $599,000. Often the early and late months see more sales at the lower levels, so we will get a clearer idea of actual pricing trends as we get the number for the first half of the year, but it is interesting to note that as of today the median price of the 51 recorded sales in Marblehead this year is $596,000.
The market in Marblehead is active, with well-priced and well-presented homes selling quickly, but it is not running away, as shown by the fact that the the 76 SFHs for sale have been on the market for an average of 3 months.
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com. for a free market analysis and explanation of the outstanding marketing program I offer.
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Read Which broker should I choose to sell my house?
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports