Spring-time in Sudbury (MA) is especially gorgeous; and the spring housing market is in full bloom! Recent activity shows there are 21 single-family homes with accepted offers and 22 with sales pending. Closed sales since April 1st are also up; as are median and averages sale prices. Although overall inventory is up from last year at this time, a closer look shows that the number of homes for sale in Sudbury compared with one year ago varies by price-range and in most ranges, there are fewer choices.
Current prices for single-family houses in Sudbury range from $269,900 to $3,700,000. The median list price is $879,900 up from $839,000 last year on this day; the list average price is $879,900 up from $839,000 last year. Three bedroom homes start at $269,900 and four bedroom homes start at $449,000; so there are opportunities for first time buyers.
There have been 15 closed sales since April 1st up from 11 for the same period in 2008. Both the median and average sale price is up from last year: the median sale price was $610,000; the average was $887,078. Last year the median for 4/1 – 5/20 was $590,000; the average was $625,000. Note that the average sale price is so much higher because there was one sale for $3,010,000. The median price is a more accurate indicator of the market in Sudbury. Of course, every house does not increase in value by the same amount; that is determined by location, condition, and size.
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Data source: MLSPIN (Multiple Listing Service Property Information Network.)