Is Northbridge, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$475,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northbridge have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Northbridge was $475,000 in March 2024, up 1.4% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | - | N/A |
| 2 Bedrooms | $338.9K | $340K | 0.3% |
| 3 Bedrooms | $437.5K | $440K | +0.6% |
| 4 Bedrooms | $658K | $660K | 0.3% |
| 5+ Bedrooms | $430K | $480K | +11.6% |
Summary: Northbridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 11.6%.
Housing Supply in Northbridge, MA
How many homes are available in Northbridge, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Summary: The Northbridge real estate market had 30 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Northbridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northbridge, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Northbridge in March 2024, down by 22.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 35 Days | -6.3% |
Summary: Homes in Northbridge had an average of 35 days on market in Mar 2024, down by 6.3% compared to last year.
Breakdown of Home Sale Times
4 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 March 2024, 7 homes were sold in Northbridge; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
