The median price of a single-family home in Haverhill, Massachusetts stood at $276,000 through the first nine months of 2014, an increase of 6.6 percent from $259,000 during the same period in 2013, according to data from the Massachusetts Association of Realtors.
There were 40 single-family homes sold in Haverhill in September, down 4.8 percent compared to the 42 sales in September 2013. Pending sales – homes under agreement that haven't closed yet – declined to 33 from 35 pending sales in September 2013, a 5.7 percent decline. Through September, there were 278 single-family home sales, decreasing 5.1 percent compared to 293 sales during the same nine-month period in 2013. New listings in September increased to 57, an 18.8 increase from the 48 new listings in September 2013.
Condominium prices in Haverhill have risen faster in 2014. The median condo price in September reached $204,450, a 24 percent increase from $164,900 in September 2013. Through the first nine months of 2014, the median price rose from $157,000 to $179,850, a 14.6 percent increase. Home buyers paid an average of 93.6 percent of the original list price in September and 95 percent from January through September.
Unlike many communities closer to Boston where real estate inventory continues to shrink, single-family home inventory in Haverhill rose more than 10 percent, while the number of condominium units on the market declined nearly 20 percent. Single-family inventory increased 10.2 percent. There were 142 houses on the market compared to 128 in September 2013. The month supply of inventory increased from 4.1 months to 4.4 months. On the other hand, the number of condo units available declined 19.3 percent from 109 in September 2013 to 88 this September. The months of supply decreased 38.8 percent to 3.8 months. There was 6.1 months of supply in September.
The average number of days on the market for single-family homes increased 121.2 percent in September. On average, the number of days it took condominiums to sell declined 28.7 percent.