Compared to the first quarter of 2013, homes in Woburn are selling for a lot more money in 2014! The average sale price of a single family home jumped from $336,907 in the first quarter of 2013 to $374,474 during the same time period this year, an increase of 11%. Even better? The average time a property spent on the market went down by 43%.
Woburn isn’t the only town that enjoyed a nice bump in home values. During the first quarter of last year the average sale price of a single family home in Burlington was $410,005 and those homes spent an average of 91.89 days on the market. This year that average sale price climbed 10% to $452,570 while market time went down by 25% to an average of 68.85 days.
Single family homes in Wilmington rose 8% to an average of $392,623 while time spent on the market decreased by 54%. Tewksbury home sale prices rose by about 7.5% to $351,048 while Billerica’s average single family home sold for $351,048, an increase of 12%.
Data gathered from MLSPIN on 4/2/14