Home Prices in Bellingham MA February 2014
Real estate market data for Bellingham, MA provided by
Carol -Ann Palmieri, Remax Executive Realty
Bellingham Home Prices
Good news for single family homeowners in Bellingham MA with a favorable 10 percent increase over the past year. Zillow indicators predict the rise will continue over the next year, but at a lower rate of approximately 3.2 percent.
Since Jan 1, 2014 there have been 10 home sales. The average sale price of $298,430 was roughly 98 percent of asking.
If you are interested in seeing exactly what the current inventory looks like in Bellingham MA, you can find that by just clicking this link. Current inventory in Bellingham MA
There are currently 5 single family homes that are priced between $100,000 and $200,000. The average price per square foot of these homes is $142. They have an average time on market of 68 days. 2 of these homes have lender involvement and 3 have been on the market for less than a month.
17 homes are available between the range of $200,000 and $300,000. The average price per square foot is $159. You can expect to find ranch, split entry, multi, cape and antique style homes in this range. The average days on market is 106, with 5 of these homes being under two weeks to the market. 2 of these homes have lender involvement.
There are 3 homes priced between $300,000 and $400,000, including one that is to be built.
In the range of $400,000 to $600,000 you will find 11 homes. These range from 2200 to 4500 square feet including several new homes to choose from.
Bellingham Real Estate Report Summary
Several of the bank involved properties and new construction inventory tend to make average days on market seem longer than it actually is. Homes that are priced right and presented properly are receiving acceptable offers in a few short weeks of being placed for sale. Since the beginning of this year, 15 of the 22 pending /contingent homes were priced below $300,000. This suggests that the first time buyer market is picking up and the Bellingham market has leveled off; returning to a more healthy state.
4 of the 22 homes were priced above $400,000. This higher end in Bellingham is still slanting in the buyers favor, but moving, if priced appropriately.
If you are considering buying a home in Bellingham, MA you don't want to sit on the sidelines for too long. Many listings are going under contract within a short time of being placed on the market.
If you are a seller, pricing your home in line with comparable home sales will bring you an offer close to asking in a short amount of time.
Find Homes for Sale in Bellingham, MA
Visit my website to search for homes in Bellingham MA or to be notified when Bellingham homes come on the market.
To find out what you home is worth in the current market email me or call 508-494-9061.
A great local real estate agent is your best offense in negotiating the market. Regardless of what side of the fence you find yourself on, you need an agent knows the market and the neighborhoods inside and out.
Call me if you have any questions about the market.
Put my 26 years of experience to work for you!