Comparing Apples to Apples: Town-by-town sales of 2-to-3,000 Sq. Ft. houses

Posted on Posted in Buying, Concord, Lincoln, Market News, Other Towns/Markets, Sudbury, Wayland, Weston

It’s very hard to compare the market across towns because there are so many variables! But it’s still helpful (and fun) to analyze market data to help paint a picture of how the markets compare, so we’re looking specifically at houses of a moderate size, 2,000-3,000 square feet.  Here’s the data for August 2015- February 2016.

We’re not comparing for any other variables, so bear in mind, for example, that the average lot size isn’t the same across towns. It’s a nice way to compare, though, about what you might expect to pay if you were looking for a house that size in our area.

Comparing the last 6 months of sales of 2000-3000 square foot houses in Lincoln and the surrounding area.
Comparing the last 6 months of sales of 2000-3000 square foot houses in Lincoln and the surrounding area.

Note how large the market is for that sized house in Acton and Lexington and how small in Carlisle and Lincoln. Also, one thing you see is the trends in how long before offers are made and accepted. You can see the real outlier here is Lexington, where even in the late-summer and fall, buyers continued to be challenged by competitive bidding. Yeah. I like data.

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