Current 1/30/2017: There are 47 single-family homes for sale in Sudbury, only one more than last year at this time. List prices for current listings in Sudbury range from $539,900 to $9,900,000. The median list price is $1,150,000; last year the median list price was $1,079,500.
Luxury home-buyers continue to have the most opportunities in Sudbury. The price range with the highest number of properties for sale is one million to 1.5 million; there are 11 homes for sale. The average time on the market for these luxury homes is 299 days! There are also 12 properties listed for more than 1.5 million dollars that have also been on the market for several months and some for more than one year. Sellers who really don’t want to have their homes on the market during the winter are most likely ready to make a deal! See homes for sale in Sudbury.
Closed Sales December: There were 24 closed sales of single-family homes in Sudbury in December; a 50% increase over December 2015. The median sale price was $774,500, a 36.3% increase over December 2015.
2016 Closed Sales: There 253 closed sales of single-family properties during 2016 and increase of less than 1% from 2015. The medal sale price of $700,000 for the year was 2.2% higher than the median sale price for 2015. The average sale to the original list prices was 97%. The average time to offer was 47 days from the previous year.
2016 Condominium Sales: There were also 25 condominiums sold in Sudbury during 2016; exactly the same number as in 2015. The median sale price of a condominium was $695,000, -4.2% from the previous year.
Price Changes: Correct pricing matters in every market; even "sellers" markets with low inventory. Sellers who want to price their properties higher so there is room to negotiate are making a big mistake. Buyers will not make offers on properties that they perceive to be over-priced. To that end, there were 257 price changes/reductions on 153 single-family homes for sale during 2016. Price changes ranged from -2.91% to -15.52%; the average change was 6.68%.
Expired Listings: There were also 43 properties on the market that did not sell during the listing contract period. The average time on the market for these expired listings was 187 days. Some were re-listed and sold; others are still for sale.
Your home’s value: while statistics are helpful, the real estate market changes every day and the price your neighbor’s house sold last year may not be what buyers are willing to pay today. Positioning your property correctly for the current market is key to getting the highest price in the shortest amount of time. Contact Marilyn to talk about how to best position and market your house for the highest price in the least amount of time.
Click here to see the full report for Sudbury from the MA Association of Realtors including data for single-family homes and condominiums.
Check out the Local Market Reports page for links to reports for Wayland, Concord, Maynard, Stow, Middlesex County and the 2016 MLSPIN report for MA.
With its country charm, top-rated schools, a variety of classic home styles and luxury properties, open space, shopping, places for casual and fine dining, rich history, and recreation opportunities for people of all ages, Sudbury continues to attract buyers who are looking for a quality life-style in a convenient location.
See all of the houses for sale iin Sudbury or call 508-596-3501 for additional information about buying and selling houses in Sudbury and the towns west of Boston.
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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.