Massachusetts Home Buyer Guide

The median price for single-family homes and condominiums in Haverhill, Massachusetts increased in March and the first quarter of 2016, according to the Massachusetts Association of Realtors. The following are eight real estate market statistics homebuyers considering a home in Haverhill should know.

1. The median price of a single-family home in March jumped 14.8 percent to $300,000 from $261,400 in March 2015, and the median price increased 3.3 percent in the first quarter to $279,500. 

2. Single-family home sales declined three to 21 homes sold in March; however, home sales spiked 35.9 percent during the first quarter to 87 from 64 during the first three months of 2015. 

3. Pending homes sales – homes under agreement that have yet to close – increased more than 30 percent in March and the first quarter 2016. 

4. Homebuyers paid on average 95.7 percent of the original list price for single-family homes in March, and they paid 94.8 percent of the original list price in the first quarter. 

5. The median condo price in Haverhill increased 17.3 percent in March to $193,500, and condominium prices increased 15.2 percent from $162,450 to $187,200 during the first three months of 2016. 

6. Condominium sales increased 116.7 percent in March to 26 units sold compared with 12 condos sold in March 2015. Condo sales increased 64.9 percent to 61 units sold in the first quarter compared to 37 sales during the first quarter of 2015.

7. Homebuyers on average paid 97.6 percent of the original list price in March 2016 for Haverhill condos and paid 96.3 percent of the original list price during the first quarter. 

8. Real estate inventory in Haverhill significantly decreased in March 2016. The number of single-family homes on the market declined 33.3 percent to 70 compared to 105 in March 2015, and the number of condominiums decreased 8.6 percent in March.