Home prices in Taunton, MA - A market update, 3rd quarter of 2013

by Mike Ballow

For the 3rd quarter of 2013, we saw a minor decrease in the average sales price for single family homes that were sold and a modest increase for multi-family homes. Overall, sales are up! Most agents I know were all extremely busy during the time period covered in this report. Interest rates were still at historic lows and the carryover from the active spring market were the main contributing factors. Condos on the other hand did hold pace with the previous quarter on a unit sold basis, but, there was a decrease in the average sales price. As we're currently into the 4th quarter interest rates that had risen have now fallen again. The "shut down" of the Government may wreak havoc with some types of lending especially in real estate markets like Taunton where many buyers reply on FHA, VA, and Rural Housing programs. Additionally, issues with the IRS and SSA may add to delays for those who require any of the supporting documentation these agencies provide for lending purposes.

The data below is compiled from theMLS Property Information Network for the 3rd quarter of 2013. If you'd like to see the market data for your particular community in Massachusetts please send me an email and I'd be happyto prepare it for you.

Use the following links to view single family homes, multi-family homes, and condominiums that are currently for sale inTaunton, MA. As always, if you have ANY real estate related questions or needs, please feel free to give me a call!

Single Family Homes in Taunton, MA for the period July 1, - September 30, 2013

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$0 - $49,999	1	5	$46,500	$40,500	115	$40,500	115
$50,000 - $99,999	1	168	$65,000	$89,900	72	$122,400	53
$100,000 - $149,999	14	152	$128,954	$145,171	91	$160,586	86
$150,000 - $199,999	19	141	$176,045	$182,654	96	$188,328	94
$200,000 - $249,999	28	72	$225,205	$226,600	100	$235,132	96
$250,000 - $299,999	23	84	$269,904	$271,943	99	$281,161	96
$300,000 - $349,999	8	93	$326,938	$330,425	99	$329,800	99
$350,000 - $399,999	3	110	$377,800	$381,567	99	$381,567	99
$400,000 - $449,999	0	0	$0	$0	0	$0	0
$450,000 - $499,999	1	32	$490,000	$519,000	94	$519,000	94
Total Properties	98	Avg. 102	$224,634	$229,998	97	$238,182	94

2013 MLS Property Information Network, Inc.

Multi-Family Homes in Taunton, MA for the period July 1, - September 30, 2013

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$50,000 - $99,999	1	88	$93,000	$94,900	98	$117,900	79
$100,000 - $149,999	7	49	$123,486	$127,800	97	$128,514	97
$150,000 - $199,999	3	31	$188,000	$187,933	100	$197,933	96
$200,000 - $249,999	11	47	$216,945	$223,155	98	$228,091	96
$250,000 - $299,999	4	54	$266,250	$275,950	97	$293,675	91
Total Properties	26	Avg. 49	$191,262	$196,608	98	$203,654	95

2013 MLS Property Information Network, Inc.

Condominiums in Taunton, MA for the period July 1, - September 30, 2013

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$50,000 - $99,999	9	140	$76,256	$80,979	97	$89,856	89
$100,000 - $149,999	8	89	$122,788	$125,913	98	$132,275	93
$150,000 - $199,999	5	139	$164,100	$165,780	99	$170,760	96
$200,000 - $249,999	3	283	$210,767	$211,600	100	$219,600	96
Total Properties	25	Avg. 141	$124,856	$127,992	98	$135,180	93

2013 MLS Property Information Network, Inc.