Is Northbridge, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Northbridge has remained a Seller's Market.
Key Takeaway
Northbridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northbridge, MA
How much do homes in Northbridge, MA cost?
Median Sold Price
$482,500
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Northbridge have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Northbridge was $482,500 in May 2024, down 2.3% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $310K | +31.9% |
| 2 Bedrooms | $440K | $310K | -29.5% |
| 3 Bedrooms | $435K | $469.9K | +8.0% |
| 4 Bedrooms | $658K | $680K | +3.3% |
| 5+ Bedrooms | $420K | $535K | +27.4% |
Summary: Northbridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes decreased by 29.5%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 27.4%.
Housing Supply in Northbridge, MA
How many homes are available in Northbridge, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 53 | +8.2% |
Summary: The Northbridge real estate market had 53 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 15 | +50.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Northbridge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northbridge, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Northbridge in May 2024, up by 38.5% month-over-month. Of the 18 sold homes, 17% were sold under asking, 22% were sold at asking, and 61% were sold over asking.
Days on Market for Northbridge, MA
How long does it take to sell a home in Northbridge, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +54.2% |
Summary: Homes in Northbridge had an average of 26 days on market in May 2024, up by 54.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northbridge are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Northbridge; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
