Massachusetts Home Buyer Guide

Although the median price of a single-family home in Wilmington, Massachusetts increased through October, tight inventory kept home sales essentially flat during that time frame, according to data obtained from the Massachusetts Association of Realtors.  

The following are five real estate market statistics Wilmington homebuyers should know. 

1. The median price of a single-family house increased 9.6 percent from January through October to $430,000 compared with $392,500 over the same period in 2014. 

2. Single-family home sales declined by three to 188 homes sold during the first ten months of 2015. 

3. On average homebuyers paid 99.3 percent of the original list price for single-family homes through October. 

4. There was 44 homes available for sale in October, the same amount of inventory as October 2014.

5. There have only been four condominiums sold through October. There were seven condo units sold during the same 10-month period in 2014. 

Nearby communities: Burlington, MA and Billerica, MA.