The Long & Foster Market Minute

Focus On: Hampden and Medfield Housing Market September 2021

Zip Code(s): 21211
Units Sold
32
Active Inventory
50
Median Sale Price
$257,000
Days On Market
20
Down
Vs. Year Ago
Down -26%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in September, with 32 sold this month in Hampden and Medfield Real Estate. This month's total units sold was lower than at this time last year, a decrease from September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 18 units or 26%. The total number of active inventory this September was 50 compared to 68 in September 2020. This month's total of 50 is lower than the previous month's total supply of available inventory of 52, a decrease of 4%.

Median Sale Price
Last September, the median sale price for Hampden and Medfield Homes was $276,000. This September, the median sale price was $257,000, a decrease of 7% or $19,000 compared to last year. The current median sold price is 7% lower than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
52
Current Contracts
44
Sold Vs. List Price
100.4%
Months of Supply
1.6
Down -10%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 2.8%
Vs. Year Ago
Up 15%
Vs. Year Ago

Months of Supply
In September, there was 1.6 months of supply available in Hampden and Medfield, compared to 1.4 in September 2020. That is an increase of 15% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 52 homes newly listed for sale in Hampden and Medfield compared to 58 in September 2020, a decrease of 10%. There were 44 current contracts pending sale this September compared to 39 a year ago. The number of current contracts is 13% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Hampden and Medfield was 100.4% of the average list price, which is 2.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 20, lower than the average last year, which was 48. This decrease was impacted by the limited number of sales.

The Long & Foster Market Minute Hampden and Medfield are defined as properties listed in zip code/s 21211.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.