Uncategorized September 27, 2023

September ’23 Market Trends for North Reading

Title: “Exploring the Real Estate Landscape in North Reading’s 01864 Zip Code”*

Are you considering buying or selling a single-family home in North Reading’s 01864 zip code? If so, you’re in the right place. This picturesque town, located in Middlesex County, Massachusetts, has a lot to offer to both homebuyers and sellers. In this blog post, we’ll dive into the current real estate market stats for North Reading’s 01864 zip code to give you a better understanding of what’s happening in the area.

**1. Abundant Choices for Single Family Homes**

As of the latest data available, there are 10 single-family homes listed in the 01864 zip code. This means that potential buyers have a decent selection to choose from, ensuring there’s something for everyone’s tastes and preferences.

**2. Spacious Living Areas**

The average living area square footage for these single-family homes is an impressive 2,581.9 square feet. This spaciousness provides ample room for families to grow, entertain, and enjoy their living spaces comfortably.

**3. Competitive Listing Prices**

The average list price for homes in North Reading’s 01864 zip code stands at $865,170. This figure provides a reasonable starting point for negotiations and gives buyers and sellers alike a sense of the local market’s pricing trends.

**4. Price Per Square Foot**

For those who like to dig deeper into the numbers, the average list price per square foot comes in at $367. This metric can be particularly useful for comparing the relative value of different properties and understanding how much space you’re getting for your money.

**5. Quick Turnaround**

On average, homes in this area spend approximately 16.8 days on the market (DOM) before finding their new owners. This relatively short timeframe suggests that the market is active and that desirable properties are moving quickly.

**6. Swift Sales**

Once a property goes under contract, it typically takes just 9 days on average for it to close. This “days to offer” (DTO) metric highlights the efficiency of the local real estate transactions, ensuring that buyers and sellers can wrap up their deals in a timely manner.

**7. Strong Sale Prices**

The average sale price for homes in North Reading’s 01864 zip code comes in at a robust $879,300. This figure reflects the actual market value of properties in the area and can help sellers set realistic expectations for their homes’ final sale prices.

**8. Price Per Square Foot at Sale**

For those interested in the price per square foot at the time of sale, the average is $372. This number illustrates how much buyers are willing to pay for each square foot of living space, providing valuable insights into the market’s demand.

In conclusion, North Reading’s 01864 zip code offers a dynamic real estate market with a variety of single-family homes, spacious living areas, and competitive pricing. With homes selling relatively quickly and at strong prices, it’s an exciting time for both buyers and sellers in this charming Massachusetts town. If you’re considering a move to North Reading or planning to sell your property here, these market stats should give you a solid starting point for your real estate journey. Remember to work with a knowledgeable local real estate agent to navigate this vibrant market successfully.