Is Northbridge, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$487,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northbridge have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Northbridge was $487,000 in April 2024, up 8.2% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | - | N/A |
| 2 Bedrooms | $338.9K | $337.5K | -0.4% |
| 3 Bedrooms | $435K | $464.9K | +6.9% |
| 4 Bedrooms | $660K | $660K | 0.0% |
| 5+ Bedrooms | $424.9K | $505K | +18.9% |
Summary: Northbridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 18.9%.
Housing Supply in Northbridge, MA
How many homes are available in Northbridge, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 45 | +40.6% |
Summary: The Northbridge real estate market had 45 homes for sale in April 2024, a 40.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 10 | +150.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Northbridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northbridge, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Northbridge in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 28 Days | -3.7% |
Summary: Homes in Northbridge had an average of 28 days on market in Apr 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 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 April 2024, 12 homes were sold in Northbridge; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
