Waltham, Massachusetts Single Family Market Stats May 2011

By
Real Estate Agent with Century 21 Shawmut Properties

Waltham Massachusetts - Single Family Homes - May 2011

Market Statistics

Waltham Homes For Sale

  • There are currently 115 single family homes currently for sale in Waltham,Ma. (An increase of 23.66%)
  • The average list price for these homes is $461,778. (An increase of 4.01%)
  • These homes have been on the market for an average of 95.61 days. (A decrease of 7.61%)

Waltham Homes Under Agreement

  • There are currently 36 single family homes under agreement to be sold in Waltham, Ma. (A decrease of 21.74%.)
  • The average list price for these homes is $462,403. (An increase of 4.40%.)
  • These homes have been on the market for an average of 58.19 days. (A decrease of 35.58%.)

Waltham Homes Sold

  • 29 single family homes sold this month in Waltham, Ma. (An increase of 61.11%.)
  • The average sale price for these homes was $401,848. (An increase of 15.59%.)
  • These homes were on the market for an average of 119.09 days. (A decrease of 42.50%.)

Absorption Rate

Absorption Rate is the ability of the real estate market to sell all of the houses currently for sale in a given amount of time. For example if there were currently 100 houses on the market and the houses were selling at a rate of 20 houses per month, there would be a five month supply of homes on the market. We can use this number to help determine what type of market we are in.

  • When there is less than a 5 months supply of homes on the market this is considered a Seller's Market.
  • When there is more than a 7 months supply of homes on the market this is considered a Buyer's Market.
  • When there is between a 5 and 7 months supply of homes on the market this is considered a Balanced Market.
Time Frame 12 Months 6 Months 3 Months 1 Month
Waltham Homes Sold 264 109 68 29
Average Days on Market 88.74 108.23 131.12 119.03
Average Sales Price $398,222 $376,291 $384,810 $401,848
Average Home Sales Per Month 22.00 18.17 22.67 29.00
Months Supply on Market 5.23 6.33 5.07 3.97
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