Current Market Snapshot
Activity in January was marked by swift sales and a notable increase in closing prices despite a seasonal dip in new listing volume.
- Median Sold Price: $545,000—a strong 14.74% increase month-over-month.
- Sold to List Price: Properties are closing at 98.6% of their asking price on average.
- Market Pace: The median time on market is just 27 days, though this has slowed by roughly 58% compared to the previous month.
- Extreme Inventory Shortage: The market currently holds only a 0.81-month supply of inventory, down 16.5% over the last year.
Pricing Trends & Property Values
While actual closing prices saw a monthly spike, estimated values show long-term stability with minor short-term softening.
- Median Estimated Property Value: Currently stands at $585,220. While this is a 2.9% dip from last month, it remains 0.6% higher than this time last year.
- New Inventory Pricing: The 12 new properties that hit the market in January carry a median list price of $509,900 with an average price of $339 per square foot
- Active vs. Pending: Active listings currently on the market have a median price of $584,500, while pending sales are trending slightly higher at $590,000.
What This Means for You
For Sellers
- Maximum Leverage: With less than a one-month supply of homes available, your property is a rare commodity.
- Fast Transitions: Even with a slight seasonal slowdown, homes in Stoughton are moving in under a month (27 days).
For Buyers
- Tight Competition: The 18.2% drop in monthly inventory supply means you must be pre-approved and ready to act the moment a listing appears.
- Opportunity in New Listings: While total inventory is low, pending volume is up, showing that buyers who act quickly are still successfully securing homes
