Auburn, MA

The housing market in ZIP 01501 is currently classified as Accelerated. A pending ratio of 0.68 indicates strong buyer engagement, despite a notable year-over-year decrease of 13.4% in the median listing price. Active listings have increased by 33.3% over the past year, alongside a substantial 66.7% rise in median days on market, suggesting a recalibration in market dynamics.

Over the past year, the market has seen a 33.3% increase in active listings, alongside a 20.0% decline in new listings. Median days on market have lengthened significantly by 66.7%, now standing at 40 days. Despite these shifts, the pending ratio has strengthened by 29.8% year-over-year, reaching 0.68. Median listing prices have experienced a year-over-year decrease of 13.4% to $519,450, while the median price per square foot has seen a modest increase of 2.1% to $301.

The rising pending ratio suggests that properties are finding buyers at an accelerated pace relative to the available inventory, signaling robust demand. However, the increase in active listings and median days on market indicates that buyers may have more selection and time for consideration than in the prior year. The notable year-over-year decline in median listing price suggests price discipline is emerging, offering a more balanced environment for transaction finalization, but the strong pending ratio still points to competitive pressures.

The average listing price of $555,025 exceeds the median listing price of $519,450, indicating the presence of higher-value properties within the market. The median price per square foot currently stands at $301.