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Salisbury, MA Housing Market Trends
In July 2024, the Salisbury, MA real estate market saw a significant surge, with home prices increasing by 33.0% compared to the previous year. The median price for homes for sale in Salisbury, MA reached $735K, highlighting the intense competition in the market. This uptick reflects the growing demand for houses for sale in Salisbury, MA. Additionally, the median sale price per square foot for homes in Salisbury rose to $421, marking a 16.5% increase from last year. These trends indicate a robust and rapidly appreciating market for those looking to invest in homes for sale in Salisbury, MA.
The Salisbury, MA real estate market is highly competitive, with homes typically selling in just 23 days. Many homes for sale in Salisbury, MA attract multiple offers, and it's not uncommon for buyers to waive contingencies to secure a deal. On average, houses for sale in Salisbury, MA sell for about 2% above the list price and go pending in approximately 23 days. Particularly desirable properties, often referred to as "hot homes," can sell for around 4% above the list price and go pending in as little as 16 days, underscoring the brisk pace of this market.
Nationwide, about 2% of homebuyers are looking to relocate to Salisbury, MA from other metropolitan areas. Among these, New York homebuyers are showing the greatest interest in moving to Salisbury, followed closely by those from Hartford and Washington. This trend highlights Salisbury's growing appeal as a desirable location for those seeking homes for sale in Salisbury, MA, especially for buyers from larger urban centers looking for a change of pace.
For detailed, up-to-date information on buying a house in Salisbury, including legal considerations and market trends, you can talk to us.
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