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Massachusetts Home Buyer Guide


Attleboro, MA Home Sales, Prices Increase March 2015

May 2, 2015 7:46:11 AM

The median price of a single-family home in Attleboro, Massachusetts increased 13.6 percent in March compared to March 2014, according to data compiled by the Massachusetts Association of Realtors. 

Attleboro, MA Real EstateThe median price of a home sold increased from $242,000 in March 2014 to $275,000 in March 2015. In the first quarter, median prices increased 17.4 percent to $273,000 from 232,500 during the first three months of 2014. 

Attleboro, MA home buyers paid on average 95.4 percent of the original list price in March, an increase of 3.5 percent, and 96 percent of the original list price during the first quarter, an increase of 2.7 percent.

Home sales increased to 33 homes closed, a 43.5 percent increase from the 23 sales in March 2014. Sales increased 26.3 percent in the first quarter to 72 single-family homes sold. There were 57 homes sold from January through March 2014. Pending home sales – homes that are under agreement, but have yet to close – increased 17 percent in March and 9.3 percent in the first quarter.  

Real estate inventory in Attleboro declined relative to the number of houses available and months supply of inventory. The number of single-family homes available in March declined 28 percent to 85 from 118 in March 2014. The months supply of inventory declined 29.9 percent to 2.7 months from 3.9 months. New listings increased slightly to 52 from 50 in March 2014, but new listings declined 14.6 percent during the first quarter. There were 123 new listings in Q1 2014 and 105 during the first three months of this year. 

Home buyers boosted the price of condominiums too. The median price of a condo in March increased 46.1 percent to $240,950 from $164,950 in March 2014. During the first quarter, the median condo price increased 22.9 percent to $193,500. Home buyers paid on average 92.1 percent to the original list price in March and 95.5 percent of the original list price during the first three months of 2015. 

Condominium sales were flat in March and in the first quarter. There were six units sold in March and March 2014. Pending sales increased from 11 to 18 (63.6 percent) in March and from 22 to 25 (13.6 percent) during the first quarter. 

Condominium inventory declined 41.2 percent in March to 20 units available compared to 34 available units in March 2014. The months supply of inventory dropped from 6.3 months to 2.9 months, a 54.5 percent decline. New condo listings increased 50 percent from eight to 12 in March. 

The average number of days on the market for single-family homes increased 12.8 percent for single-family homes, but declined 55 percent for condominiums.

Massachusetts Quick Guide to the Home-buying Process  

Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Attleboro MA


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