Massachusetts Home Buyer Guide

From January through October the median price of a single-family home in Stoneham, Massachusetts increased, but home sales declined slightly, according to data compiled by the Massachusetts Association of Realtors. Condominiums prices in Stoneham declined, as well as condo sales through October. The following are seven real estate market statistics you should know about Stoneham. 

1. Through October the median price of a single-family house increased 10.3 percent to $467,500 compared to the same 10-month period in 2014. 

2. The number of single-family homes sold declined by four to 145 homes sold through October. 

3. The months supply of inventory declined 8.3 percent to 2.2 months in October 2015 compared to October 2014. 

4. Homebuyers paid on average 99.5 percent of the original single-family house list price through the first 10 months of 2015. 

5. The months supply of condo inventory declined 66.7 percent in October to just 0.8 compared with 2.4 months in October 2014. 

6. The median condo price declined 5.4 percent to $234,600 for the January-through-October period compared to the same period in 2014. 

7. Condominium buyers paid on average 98.3 percent of the original list price from January through October 2015.

Nearby communities: Wakefield, MA and Melrose, MA.