In 2015, the average price of a single family home in Natick rose to over $606k!
Last year Natick, Massachusetts experienced another year of gains in the residential real estate market. The number of single family homes sold only slightly increased from 334 to 339 homes sold, but inventory remains low as we enter into 2016. Real estate values continue to climb exponentially as 2015 marks the fourth consecutive year of single family home price increases in the city.
Enticed by the still low interest rates, buyers continued the momentum built from 2012-2014, coming out in force despite the low number of homes on the market. This resulted in numerous multiple offers, quick sales, and increases in prices. Sale inventory remains extremely low, so the seller's market is continuing in Natick.
Review our full report including residential market data from 2006 through 2015.
Natick’s single family homes produced the highest average sales price in the last ten years for the third year in a row! The average price is up another 5.6%, from $574,125 in 2014 to $606,457 in 2015. Days spent on market also went up from 50 to 59 days on average.
Condominium prices stayed relatively the same after last year's historic leap in average sale price, only slightly decreasing in 2015 by 0.3% to an average of $367,131. Once an affordable way into the Natick market, condos and townhouses remain in high demand spending only 57 days on the market.
In 2015 multifamily homes average sale prices dropped slightly by 5.1% to $446,355. The number of multifamily homes sold was only 11, and they spent 65 days on the market compared to last year's 74 days. Now is a great time to sell your multifamily home as inventory remains extremely low in Natick.
The positive changes in the market will continue to be true in 2016, but will require sophisticated navigation to ensure success. Dwell360's real estate agents use an innovative and progressive marketing approach to connect with today’s buyer. We combine a positive attitude, state-of-the-art digital marketing, and time-tested marketing tools that create an impact. Contact us to navigate through this changing time in real estate with agents both progressive and experienced in today’s market.