The increase in inventory from 2018 to 2019 (as of 4/1) continues. Housing stock has increased by 33.33% (single family) in Marblehead, up from 27 to 36 homes on the market. Condo Inventory is the same as 2018 with 10 units on the market.
The Marblehead real estate market is active and the number of sold homes (year-to-date) has increased by 46.15% but the average sale price has decreased slightly by 2.15% to $803,613. Homes are selling faster in 2019. Days on market decreased by 25.66% from 113 to 84 days. Conversely, due to the lack of inventory, the sale of condos and townhouses has decreased by 54.55% with 11 being sold (year-to-date) in 2018 and only 5 sold this year as of 4/1/19. The average sale price of condos and townhouses remains steady and has increased only slightly by 2% to $371,200. The lack of inventory in the condo market has caused a 28.99% decrease in the days on market from 69 to 49 days.
We are always available to review and discuss the Marblehead market or any other town on the North Shore with you. We pride ourselves in being your local real estate experts. Call us any time to view a property, get an opinion of value on your home or ask a general question about real estate. We’d love to hear for you!
Interested in checking out what has sold in your neighborhood? All properties sold in Marblehead as of 4/1/19 are listed below. To view them on an interactive link click here: (Recently Sold Properties)
Thinking about buying? All current active properties in Marblehead can be viewed here: (Active Marblehead Listings)
www.NorthShoreMaHomes.com ~ firstname.lastname@example.org
Sarah: (781)267-3918 ~ Abby: (508)868-7662